Saudi Arabia signs agreement to deposit $2 bln in Yemen central bank

Saudi King Salman instructed that two billion US dollars be deposited in Yemen’s central bank account, Mohammed Al-Jadaan, Minister of Finance of the Kingdom of Saudi Arabia, and Dr. Mohammed bin Mansour Zammam, Governor of the Central Bank of Yemen, co-signed the deposit agreement in Riyadh, on Thursday.


In remarks following the signing ceremony, Al-Jadaan said that this agreement comes in continuation of the Kingdom's support for the Yemeni people, bringing to three billion US dollars the total amount of Saudi deposits at the Central Bank of Yemen to date, reported Saudi Press Agency.

He added that this support will enhance the financial and economic situation of the Republic of Yemen, especially the Yemeni Riyal exchange rate, which will positively be reflected on the living conditions of Yemeni citizens.
   [alarabiya.net]
 16/3/18