Saudi Arabia has deposited USD $2 billion in the Central Bank of Yemen, said state-run Saudi Press Agency (SPA) today.
Saudi King Salman bin Abdulaziz Al-Saudi issued directives to transfer the deposit in support of the Yemen people.
The transfer thus brings the overall amount deposited by Riyadh authorities with the Yemeni Central Bank to $3 billion.
“Saudi Arabia is determined to alleviate the suffering of the Yemeni people and to help them cope with the economic burdens resulting from the crimes and violations committed by Iranian-backed Houthi militias”, said statement.
The statement accused the Iranian-backed Houthis of looting the state as they seize government revenues, including those generated from oil and its derivatives.
“The militias this revenue in Yemeni Riyal as they manipulate its exchange rate. They are doing all this to pursue their own destructive objectives at the expense of the Yemeni people.
Their actions have resulted in a steady devaluation of the currency, which has significantly damaged the lives of Yemenis for several years”.