24 Hrs
Source:
الاقتصادية
Saudi Arabia aids Yemen's Central Bank
Saudi Arabia has provided new financial support to the Yemeni Central Bank to promote economic and monetary stability in Yemen. This comes within the framework of ongoing efforts since 2012, which have been backed by over $12.6 billion in deposits and grants. The goal of this support is to increase the bank's reserves, support exchange rate stability, and provide sufficient funding for the import of essential goods, thereby helping to stabilize prices and improve living conditions for citizens. Additionally, the support bolsters the role of the private sector and enhances the capacities of Yemeni institutions in delivering services. It is part of a comprehensive strategy aimed at achieving sustainable economic recovery in Yemen.
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