BREAKING NEWS

Report: Saudi Arabia to deposit $2 bln in Yemen central bank

By REUTERS

MARCH 16, 2018 01:10

CAIRO - Saudi Arabia signed an agreement in Riyadh to deposit $2 billion in Central Bank of Yemen account, Saudi Press Agency said late on Thursday.

The agreement signed between Saudi Finance Minister Mohammed al-Jadaan and Central Bank of Yemen governor Mohammed Mansour Zemam aims at shoring up the weak currency in a country divided by nearly three years of civil war between the internationally recognised government, backed by Riyadh, based in the south, and the Iran-aligned Houthi movement which controls the north including the capital Sanaa.

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