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Saudi Arabia Deposits $1 Billion in Central Bank of Yemen


Wed 22 Feb 2023 | 06:07 AM
Taarek Refaat

Saudi Arabia deposited $1 billion in the Cebtral Bank of Yemen, in implementation of the directives of King Salman bin Abdulaziz and crown prince, Muhammad bin Salman.

The Saudi Press Agency "SPA" stated that this support comes as an extension of the Kingdom's government's keenness and continuous support for Yemen. 

"This support also comes as confirmation from the Kingdom of its permanent standing with the government and people of Yemen, and its assistance in carrying out its duties in order to restore the security and stability of  Yemen."

The statement added that the deposit is expected to strengthen capabilities of an economic reform program in Yemen with the Arab Monetary Fund as a technical body, to enable it boosr economic stability.