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



RIYADH, Saudi Arabia – King Salman of Saudi Arabia ordered a transfer of $ 2 billion to Yemen, a day after the Saudi-backed prime minister asked the kingdom and its allies to save the local currency from "total collapse."

Saudi Arabia said in a statement on Wednesday that the funds would be deposited in the Central Yemen Bank to help address the "deteriorating economic situation facing the Yemeni people."

The Yemeni government, backed by Saudi Arabia and with international backing, created an alternative Central Bank to that of the capital of Sanaa, owned by the Yemeni rebels, and transferred it to the southern port of Aden City last year.

The Yemen war began almost three years ago when a coalition led by Saudi Arabia began carrying out air strikes against Yemeni rebels, known as the Houthis, after the rebels invaded Sanaa and forced the government of Yemen. in exile.

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