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Saudi Arabia announces $1 billion deposit in the account of the Yemeni Central Bank account

[21/02/2023 06:36]

RIYADH - SABA
The Kingdom of Saudi Arabia announced, today evening, Tuesday, that it has put an amount of one billion USD in the account of the Central Bank of Yemen (CBY) as a deposit.

The Saudi Press Agency (SPA) carried out a statement reads " As per the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness the Crown Prince, the Kingdom of Saudi Arabia signed a deposit agreement with the Central Bank of Yemen with an amount of $1 billion, which was fully deposited in the Bank’s account".

The statement noted" This deposit will contribute to strengthening capabilities in the field of implementing the economic reform program for the Republic of Yemen with the Arab Monetary Fund as a technical body.

The program aims to develop a clear roadmap and a vision that takes care of the Yemeni people first and addresses their needs, in addition to strengthening efforts to build reserves at the Central Bank of Yemen to enable it to enhance economic stability".