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

Saudi Arabia deposits $1bn into Yemen's Central Bank

Bid to inject foreign currency into market after crude exports hampered by Houthi port attacks

Saudi Arabia deposits $1bn in Yemen’s Aden-based central bank

The deposit comes as the Saudi-backed administration struggles to handle weak currency and high fuel prices.

Saudi Arabia to deposit US$1b in Yemen’s central bank

RIYADH, Feb 22 — Saudi Arabia will make a US$1 billion deposit in Yemen’s Aden-based central bank later today, Saudi Arabia’s state news agency SPA said, as the government there struggles with a weak currency and high fuel and commodity prices. Riyadh leads a military coalition in Yemen that has been fighting the Iran-aligned Houthis since 2015 after the movement ousted the Saudi-backed government from the capital, Sanaa. The conflict has shifte…

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.

Saudi Arabia deposits $1.4 billion into Yemen's central bank

Saudi Arabia has deposited $US1 billion ($1.4 billion) into the central bank of Yemen’s internationally recognised government in a bid to bolster the country’s ailing economy.In a brief statement, the state-run Saudi Press Agency said the $1.4 billion will help the Riyadh-backed administration implement economic reforms.Yemen’s ruinous civil war, now entering its ninth year, has wrecked the country’s economy and pushed half of the population to …

Saudi Arabia deposits $1 billion in Central Bank of Yemen's account

This comes as an extension of the Kingdom’s keenness and continuous support for the Republic of Yemen in terms of its economic development.