saudi king issues directive to transfer us2 billion to yemens central bank
Last Updated : GMT 05:07:50
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 05:07:50
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
Themuslimchronicle, themuslimchronicleSkincare PR Performance Full Year 2017

GMT 09:06 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Themuslimchronicle, themuslimchronicleEurope brings on charm and blue skies

GMT 08:37 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Themuslimchronicle, themuslimchronicleModern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Themuslimchronicle, themuslimchroniclePuigdemont candidate for Catalan president

GMT 08:25 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Themuslimchronicle, themuslimchronicleAmazon to open first cashierless shop

GMT 08:31 2018 Tuesday ,23 January

Amazon to open first cashierless shop
Themuslimchronicle, themuslimchronicleThe Rake announces editorial updates

GMT 08:20 2018 Wednesday ,17 January

The Rake announces editorial updates
Themuslimchronicle, themuslimchronicleAirbus to get '10 years of visibility'

GMT 08:39 2018 Monday ,22 January

Airbus to get '10 years of visibility'
Themuslimchronicle, themuslimchronicleFor the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Themuslimchronicle, themuslimchronicleUS Christian tourists see deep meaning

GMT 08:00 2018 Monday ,22 January

US Christian tourists see deep meaning
Themuslimchronicle, themuslimchronicleWENN appoints entertainment journalist

GMT 09:07 2018 Monday ,22 January

WENN appoints entertainment journalist

GMT 08:10 2018 Tuesday ,23 January

Kurds invited to join Syria peace

GMT 08:27 2012 Wednesday ,16 May

We seek an independent civilian court

GMT 06:36 2018 Wednesday ,24 January

World powers step up pressure on Syria, Russia

GMT 14:02 2017 Monday ,06 February

Top tech companies argue against Trump travel ban

GMT 22:55 2017 Wednesday ,04 October

Trump says he has 'total confidence' in Tillerson

GMT 10:41 2017 Thursday ,31 August

Sharapova battles on while Kyrgios crashes out

GMT 06:29 2011 Monday ,04 July

ExxonMobil expands Yellowstone pipeline cleanup

GMT 09:09 2017 Tuesday ,08 August

Barcelona move on from Neymar

GMT 06:22 2018 Friday ,19 January

To develop oil fields retaken from Kurds

GMT 17:36 2012 Wednesday ,07 November

The simple wow

GMT 11:35 2016 Wednesday ,10 August

British Eurostar staff to stage August strikes

GMT 07:41 2017 Saturday ,18 February

Bahrain Fort Museum to host music evening

GMT 02:36 2011 Monday ,07 March

Living Architecture promotes happy holidays

GMT 16:49 2011 Tuesday ,17 May

Men may avoid using the word \'cancer\'

GMT 12:32 2017 Friday ,01 September

Facial recognition nabs crooks at China beer fest

GMT 07:41 2017 Saturday ,19 August

Brief tourism impact from Spain attacks
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube
muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle