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 Exchange rate |    17 December, 2017

 

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        The Central Bank of Yemen was established in 1971. When the northern and southern sectors of Yemen reunited on 22 May 1990, the Central Bank of Yemen merged with the Bank of Yemen under the original name of “Central Bank of Yemen”. The Central Bank of Yemen is an independent body created by Law to carry out all the functions of a normal central bank with the paramount objective of conducting monetary policy to keep inflation under control, stabilize the exchange rate of the national currency and promote investment and economic growth. The management of the Bank is entrusted to a Board of Directors with the Governor as Chairman. The headquarters of the Central Bank of Yemen is in Sanaa. However it has a branch in each of the twenty Governorates of the country.

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