saudi king issues directive to transfer us2 billion to yemens central bank
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Saudi King issues directive to transfer US$2 billion to Yemen's Central Bank

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleSaudi King issues directive to transfer US$2 billion to Yemen's Central Bank

Saudi King issues directive to transfer US$2 billion to Yemen's Central Bank
Riyadh - Muslimchronicle

 

The Kingdom of 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, reported the Saudi Press Agency, SPA.

According to the agency, the Iranian-backed Houthis are looting the state as they seize government revenues, including those generated from oil and its derivatives. "They acquire this revenue in Yemeni Riyal as they manipulate its exchange rate. They are doing all this to pursue their 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," it added.

To address the situation, the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has issued a directive to transfer a US$2 billion deposit to the Central Bank of Yemen, in continuation of the Kingdom’s support of the Yemeni people. This latest transfer takes the total amount provided by the Kingdom to Yemen's Central Bank to US$3 billion.

SPA went on to say that the monies transferred aim to boost Yemen’s financial and economic situation while bolstering the Yemeni Riyal. "As the value of the Riyal goes up, the living conditions of Yemeni citizens will change for the better," it continued, adding that Saudi Arabia has reaffirmed its support for the Yemeni Government.

The Kingdom will continue to assist Yemen in its efforts to restore security and stability, the agency concluded.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi king issues directive to transfer us2 billion to yemens central bank saudi king issues directive to transfer us2 billion to yemens central bank

 



Themuslimchronicle, themuslimchronicle

GMT 11:18 2016 Monday ,03 October

Reliance, Dassault strike defence partnership

GMT 04:32 2017 Monday ,13 February

Chelsea held, Leicester woe deepens

GMT 09:35 2018 Sunday ,07 January

Gary Oldman on becoming Winston Churchill

GMT 10:43 2017 Wednesday ,12 April

Gatineau appoints Octane Communication Studio

GMT 09:18 2017 Sunday ,30 July

Inter beats Chelsea despite bizarre own goal

GMT 07:04 2016 Monday ,08 February

Economic effect of Syrian war at $35bn

GMT 08:00 2017 Thursday ,14 December

Stay warm in style

GMT 17:20 2017 Tuesday ,17 October

At least 29 killed in central Nigeria violence

GMT 11:57 2012 Monday ,23 April

Marco Pierre White in Dubai

GMT 13:16 2016 Wednesday ,24 August

Concludes We Start with you annual summer initiative

GMT 10:54 2012 Tuesday ,18 September

Somalian Hawa wins 2012 Nansen

GMT 00:36 2012 Tuesday ,10 April

RAK Ruler in bid to reform education

GMT 12:26 2012 Monday ,06 February

Playing in the sun

GMT 22:42 2011 Wednesday ,07 December

Bedroom Renovation Ideas

GMT 16:02 2011 Wednesday ,28 December

The Hobbit

GMT 08:01 2012 Thursday ,07 June

After the sentence

GMT 21:43 2017 Friday ,27 January

WhatsApp and Facebook are most popular in UAE

GMT 20:07 2011 Thursday ,28 April

Rocker Poly Styrene dead at 53

GMT 08:47 2016 Friday ,02 December

US-led coalition admits 54 deaths

GMT 10:43 2016 Friday ,09 December

13 killed after bus tumbles down cliff in Bolivia

GMT 21:10 2016 Thursday ,17 March

30 Al Shabab killed in Somalia
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle