CBY Demands Banks Exchange European Currencies for Euro [Archives:2001/48/Local News]

November 26 2001

The Central Bank of Yemen (CBY) issued a note to commercial banks, companies and individuals dealing with European currencies to exchange them for euro, planned to be officially used starting the beginning of next January.
The CBY informed all banks about the decision of the European Central Bank to use the Euro for business and also has set dates at which using the European states’ currencies will terminate. Dates range from one to two years.