Reports: Saudi Arabia to deposit $1 billion in Yemen’s central bank

The European Union also announced additional funding for Yemen, while a famine watchdog said that economic warfare is increasingly causing hardship for Yemenis.
Backers of the the Southern Transitional Council (STC) which seeks independence for south Yemen, stand guard outside a bank in the Crater district in the centre of Yemen's second city of Aden on August 12, 2019. -  (Photo credit should read NABIL HASAN/AFP via Getty Images)
Backers of the Southern Transitional Council (STC), which seeks independence for south Yemen, stand guard outside a bank in the Crater district in the center of Yemen's second city of Aden on Aug. 12, 2019. - NABIL HASAN/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Saudi Arabia will soon give $1 billion to the internationally recognized Yemen government, according to media reports published on Tuesday. 

Reuters reported that the kingdom will deposit the money into the government’s central bank based in Aden. The move is in response to Yemen’s weak currency and high fuel and commodity prices, according to the outlet. 

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