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  Saudi Arabia deposits $2 billion in Yemen central bank

Upon the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud orders to deposit two billion US dollars into Yemen’s central bank; His Excellency Mohammed Al-Jadaan, Minister of Finance and Dr Mohammed bin Mansour Zammam, the Governor of the Central Bank of Yemen, signed the deposit implementation agreement on Thursday, 15th March 2018 in Riyadh.
His Excellency Mohammed Al-Jadaan, Minister of Finance, stated that this agreement is an extension of the Kingdom's effort to support Yemeni people. The total amount of Saudi aid that has been presented until now as a deposit to the Central Bank of Yemen is three billion US dollars. He added that this support will strengthen the Yemeni financial and economic situation, especially the Yemeni riyal exchange rate, which will positively reflect on the living conditions of Yemeni citizens. 
The Kingdom of Saudi Arabia has affirmed its continued support to the Yemeni government efforts to restore the security and stability of Yemen; as well as helping Yemeni people to cope with the economic burdens caused by the crimes and violations of the Iranian Houthi militias, that plunder the Yemen wealth and seize the revenues of government institutions through controlling of oil and selling and manipulating the Yemeni riyal exchange rate to achieve their personal interests, which led to the deterioration of the Yemeni riyal exchange rate and negatively impacted the lives of Yemeni citizens.

Last Update : 3/16/2018 2:44 AM