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Saudi Arabia to transfer 2 billion Dollar after urgent Yemen plea

Yemen's war began nearly three years ago when a Saudi-led coalition began carrying out airstrikes against Yemeni rebels, known as Houthis.

Published: 17th January 2018 03:45 PM  |   Last Updated: 17th January 2018 08:24 PM   |  A+A-

Saudi Arabian king Salman bin Abdulaziz Al Saud | AP

By PTI

RIYADH: Saudi Arabia's King Salman has ordered a transfer of $2 billion to Yemen, a day after the war-torn country's Saudi-backed prime minister called on the kingdom and its allies to save the local currency from "complete collapse." Saudi Arabia said in a statement on Wednesday that funds would be deposited in Yemen's Central Bank to help address the "deteriorating economic situation faced by the Yemeni people." The Saudi and internationally-backed Yemeni government created an alternative Central Bank from the one in Yemen's rebel-held capital of Sanaa, moving it to the southern port city of Aden last year.

Yemen's war began nearly three years ago when a Saudi-led coalition began carrying out airstrikes against Yemeni rebels, known as Houthis, after the rebels overran Sanaa and forced Yemen's government into exile.


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