Saudi Gazette report

CUSTODIAN of the Two Holy Mosques King Salman had instructed that $2 billion be deposited in the account of Yemen’s Central Bank, and in a follow up, Minister of Finance Mohammed Al-Jadaan and Governor of the Central Bank of Yemen Dr. Mohammed Zammam signed the deposit agreement in Riyadh on Thursday night.

Speaking on the occasion, Al-Jadaan said that this agreement comes in continuation of the Kingdom’s support for the Yemeni people, bringing to $3 billion the total amount of Saudi deposits at the Yemen’s Central Bank to date, the Saudi Press Agency reported.

Al-Jadaan said this support would enhance the financial and economic situation of Yemen, especially the Yemeni rial exchange rate, which will positively be reflected on the living conditions of Yemeni citizens.

The Kingdom has affirmed its continuing support for the Yemeni government and determination to assist it to undertake its duties aimed to restore the security and stability of Yemen.

This is emanating from its interest in alleviating the suffering of the Yemeni people and helping them to cope with the economic burdens caused by the crimes and violations of the Iranian-Houthi militias.