Saudi Arabia Deposits $200 Million Grant in Yemen Central BankSource: www.export-egypt.com 10/3/2018, Location: Middle East |
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The Minister of Finance, Mr. Mohammed Al-Jadaan, stated that $ 200 million grant was deposited today, in the Central Bank of Yemen in implementation of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud's orders. The grant aims to strengthening the fiscal position of the Central Bank of Yemen.
His Excellency stressed that this grant, along with the previous deposited $3 billion in the Central Bank of Yemen, is an extension of the Kingdom's effort to support Yemeni people. He added that this support will improve the Yemeni economic position, and enhance the Yemeni riyal exchange rate, which will positively reflect on the living conditions of Yemeni citizens. Mr Al-Jadaan pointed out that those deposits and grants will strengthen the fiscal position of the Central Bank of Yemen, mitigate pressures on and stabilize the Yemeni riyal exchange rate, as well as helping Yemeni people to cope with the economic burdens |
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