Published 1 year ago

Saudi Arabia to deposit $1 billion in Yemen's central bank

Summary by Ground News

The announcement comes as the Saudi-backed administration struggles with a weak currency and high fuel and commodity prices after nearly nine years of war. It was not immediately clear whether the $1bn was part of an existing $3bn support package pledged last May by Saudi Arabia and the United Arab Emirates for Yemen's economy.

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Reuters

Saudi Arabia to deposit $1 billion in Yemen's central bank

Saudi Arabia will make a $1 billion deposit in Yemen's Aden-based central bank on Tuesday, Saudi Arabia's state news agency SPA said, as the government there struggles with a weak currency and high fuel and commodity prices.

1 year ago·United Kingdom

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Associated Press News

Saudi Arabia deposits $1 billion into Yemen’s central bank

SANAA, Yemen (AP) — Saudi Arabia deposited $1 billion into the central bank of Yemen’s internationally recognized government Tuesday in a bid to bolster the country’s ailing economy, state media said.

1 year ago·United States

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abc News

Saudi Arabia deposits $1 billion into Yemen’s central bank

Saudi Arabia has deposited $1 billion into the central bank of Yemen’s internationally recognized government in a bid to bolster the country’s ailing economy, state media said

1 year ago·United States

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The Washington Post

Saudi Arabia deposits $1 billion into Yemen’s central bank

Saudi Arabia has deposited $1 billion into the central bank of Yemen’s internationally recognized government in a bid to bolster the country’s ailing economy, state media said

1 year ago

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Bloomberg

Saudi Arabia to Deposit $1 Billion in Yemen to Steady Currency

Saudi Arabia will deposit $1 billion in Yemen’s Aden-based central bank to help stabilize the local currency, a senior official at the bank told Bloomberg.

1 year ago·United States

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Arab News

Saudi Arabia deposits $1 billion in Yemen’s central bank

RIYADH: Saudi Arabia made a $1 billion deposit in Yemen’s central bank on Tuesday, Saudi Press Agency reported. The support comes as an extension of the Kingdom’s keenness to support development in Yemen and its economy. The deposit will contribute to strengthening capacities in the field of implementing Yemen’s economic reform program with the Arab Monetary Fund as a

1 year ago·Riyadh, Saudi Arabia

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