Saudi Arabia confirms $2 billion transfer to Yemen’s central bank
Yemeni government said to demand payment of all revenues to its central bank
Saudi Arabia’s finance minister publicly signed an agreement to deposit $2 billion with the central bank controlled by one of the factions in civil war-hit Yemen, according to the Saudi news agency.
The $2 billion deposit was originally announced in mid-January by the Saudi ambassador to Yemen, but recent reports by Arab media sources suggest that the money has not been deposited. The Central Bank of Yemen has a significant need for hard currency in order to stem the slide in the Yemeni rial
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