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Saudi Arabia to transfer $2 billion to Yemen's central bank

Saudi Arabia to transfer $2 billion to Yemen's central bank
Saudi Arabia announced it would transfer $2 billion to Yemen's central bank, following desperate calls for funding from the war-torn Yemeni president and prime minister, SBS News reported on Wednesday.

"To address the deteriorating economic situation faced by the Yemeni people as a result of the actions of the Iranian-backed Houthi militias, Saudi King Salman bin Abdulaziz has issued a directive to transfer a $2 billion deposit to the central bank of Yemen, in continuation of the kingdom's support of the Yemeni people," Saudi interior ministry said.

Saudi Arabia leads a military coalition that is battling the Houthi terrorists in support of Yemen's beleaguered government.

But as the intervention nears its fourth year, the government's authority is still largely confined to the south, with the terrorists in control of the capital Sanaa and much of the north.

The conflict has left more than three-quarters of Yemenis in need of humanitarian aid and some 8.4 million at risk of famine, the UN humanitarian affairs office said. 

In a post on Facebook, Yemen's Prime Minister Ahmed bin Dagher shared a letter urging the government's backers to transfer cash to the central bank to "save Yemenis from famine". 

Yemeni President Abed Rabbo Mansour Hadi reached out to Saudi Crown Prince Mohammed bin Salman over "the economic challenges Yemen faces" in a telephone call. 
Last Modified: Wednesday، 17 January 2018 10:17 PM