Yemeni currency soars 15% against dollar after Saudi $2 billion deposit

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SANA’A –The price of the Yemeni currency rial jumped about 15 percent against the US dollar on Wednesday after the announcement by the Kingdom $2 billion will be deposited in the central bank of Yemen.

Meanwhile, the Central Bank of Yemen said that it received confirmation that the Saudi government had deposited $2 billion in its foreign accounts, hours after the directives by King Salman.

Monasser Al-Quaiti, governor of the bank, said the central bank will move towards strengthening the commercial banks to manage their domestic and foreign banking operations from their headquarters in Aden in addition to regulate and control the foreign exchange market.


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