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Saudi Arabia will transfer $ 2 billion after Yemen’s urgent request

RIYADH, Saudi Arabia – King Salman of Saudi Arabia ordered the transfer of $ 2 billion to Yemen on Wednesday, a day after the prime minister supported by Saudi Arabia made an urgent call to the kingdom and its allies to save the local currency of "total collapse".

Prime Minister Ahmed Obeid bin Daghir had called on the kingdom and its allies to act "now, not tomorrow" and said that saving the Yemeni river meant "saving Yemenis" from inevitable hunger. "In his letter, he said that Yemen needed a rescue.

For almost three years, a US-backed coalition led by Saudi Arabia has been carrying out air strikes against Iranian allied rebels, known as Houthis, after the rebels invaded the capital of Sanaa and forced the government of Yemen into exile.

The war has killed more than 10,000 civilians, displaced some 2 million people and brought millions to the brink of famine.The United Nations calls Yemen the worst humanitarian crisis in the world

Saudi Arabia said in a statement that the funds would be deposited with the Central Bank of Yemen to help address the "deterioration of the economic situation facing the Yemeni people". [19] 659006]the internationally backed Saudi Arabian government created an alternative Central Bank to that of the incumbent Sanaa, transferring it to the southern port city of Aden.

However, the governor of the Sanaa bank, Monasser al-Quaiti, said last year that the coalition led by Saudi Arabia had blocked 13 flights that brought cash to the country and that it was "strangling" its economy. The kingdom accuses the Houthis of stealing government revenues for public services and manipulating the exchange rate.

The rial, which is trading at $ 500, has lost half of its value since the war began in March 2015. Food prices and fools have skyrocketed and hundreds of thousands of officials have not been paid in excess of one year, including doctors and nurses in hospitals administered by the government.

The economic collapse has contributed to the decomposition of basic services, which in turn has fueled an outbreak of cholera that has killed some 2,000 people and infected approximately 1 million so far.


This story has been corrected to show that Yemen's prime minister did not specify a figure for the amount of money he requested from Saudi Arabia.

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