VOL. XXXIX
No. 16
15-January-1996
YEMEN
Yemen Abandons Policy Of Official Exchange Rate
Yemen's Deputy Prime Minister and Minister of Planning and Development, Mr. 'Abd al-Qadir Bajammal, announced on 6 January that San'a had abolished its official exchange rate system for the riyal as of 1 January. The measure is part of an economic reform program undertaken in cooperation with the World Bank and International Monetary Fund (IMF) (MEES, 25 December 1995/1 January 1996). Last March, the...
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