His Majesty King Salman Orders $200 Million Central Bank Injection to Stabilize Yemeni Currency
October 03, 2018
The Custodian of the Two Holy Mosques His Majesty King Salman Bin Abdulaziz Al Saud on October 1 ordered the provision of a $200 million donation to the Central Bank of Yemen to bolster its financial position. This directive is in continuation of Saudi Arabia's consistent approach to support the Yemeni people and the Yemeni government, and based on the interest in stabilizing the Yemeni economy and enhancing the value of the Yemeni currency forth sustainability of Yemen. This economic support will contribute to the alleviation of the financial burden on the Yemeni people and is in addition to previous central bank injections to Yemen amounting to $3 billion. The Kingdom of Saudi Arabia affirms its continued support for the Yemeni government to restore Yemen's security and stability and enable the country to carry out its duties and benefit Yemeni citizens.