CBY: Inflation Down to 2%
Drops 8 points in first quarter, News Yemen
Governor of Central Bank of Yemen Ahmed al-Samawi said on Tuesday that the rate of inflation was decreased to 2.1 percent last February compared to 10.2 percent at the end of last year.
In a meeting with the delegation of the International Monetary Fund, al-Samawi confirmed that the condition of the banking system in the country is safe and was not affected by the global financial crisis as there is not local stock market and measures adopted to avoid such crisis in the banks.
