Yemen central bank nearly doubles interest rate to halt riyal plunge
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ADEN (Reuters) - Yemen's central bank, based in territory controlled by its exiled government, nearly doubled its interest rate on Wednesday in an effort to stabilise the riyal after violent demonstrations against a plunging currency.State news agency Saba said the rate on certificates of deposit had been hiked to 27 percent. An official at the bank said the previous rate had been 15 percent for the past four years.Yemen's currency has halved in value against the U.S. dollar since the start of a..