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President urges on benefiting from Saudi support for boosting currency

[13/11/2017 01:09]

RIYADH-SABA
President Abd-Rabbu Mansour Hadi has urged the committee entrusted with following up Saudi promises- included in president's meeting with Saudi Crown Prince Mohammad bin Salman- of funds to reflect them practically on the ground.

The promises included providing Yemen with USD 2 billion as bank's deposit for boosting local currency, securing fuel to power and other development and infrastructure services.

In his meeting with the committee on Monday, President Hadi discussed with them their duties and responsibilities on overcoming challenges facing the Yemeni people.

"The committee's members have been accurately chosen as responsible {members}," said President, noting that the country needs competent and honest officials to overcome many challenges and difficulties over Houthi-Saleh rebel militias' war on the Yemeni people and hugely damaged the homeland and its economy, stability and people's living conditions.

"We will support you and your efforts for having actual results serving the interests of the homeland," said President.

For his part, the Head of the Committee and the Minister of Finance Ahmad al-Fadhlli and the committee's members confirmed that they will take the responsibility seriously as demanded for improving the country's conditions.

They emphasized that their priorities will focus on protecting local currency against more devaluation, power services and infrastructure.