The Central Bank of Yemen Receives $1B Deposit from Saudi Arabia
- Publish date: Wednesday، 22 February 2023
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Saudi Arabia signed a deposit arrangement with the Central Bank of Yemen for $1 billion, which was completely deposited in the bank's account, on the directives of King Salman and the Crown Prince, Custodian of the Two Holy Mosques.
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This is a continuation of the Kingdom's significant interest in and ongoing support for the Republic of Yemen's economic growth.
In addition to strengthening efforts to create reserves at the Central Bank of Yemen so that it can improve economic stability, the program aims to produce a clear road map and a vision that puts the Yemeni people first and caters to their needs.
By providing this support, the Kingdom is demonstrating its unwavering dedication to the Yemeni government and people as well as its support for that government's efforts to reestablish Yemen's security and stability.
The Arab Monetary Fund will serve as a technical body for Yemen's economic reform program, and this deposit will help to boost Yemen's implementation capabilities.
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