JOURNAL ARTICLE

Saudi Arabia to Deposit $1 Billion in Yemen to Steady Currency.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Hatem, Mohammed 3 of 3

Abstract

Saudi Arabia intervened in Yemen's war to support the country's internationally-recognized government and to combat Iran's growing influence in the neighboring state. Saudi Arabia will deposit $1 billion in Yemen's Aden-based central bank to help stabilize the local currency, a senior official at the bank told Bloomberg. Houthis Escalate Yemen Tensions With Drone Attack on Port A separate $1 billion deposit was made in November but authorities in Yemen were worried that a second payment would not be forthcoming after a UN-brokered truce expired in October. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/02, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2023
  • Accession Number:162007387
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