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Al Jazeera
Al Jazeera
World

Saudi Arabia deposits $1bn in Yemen’s Aden-based central bank

Aden Saudi Yemen Saudi Arabia
Employees count stacks of Yemeni currency at the central bank in the southern port city of Aden on September 28, 2021 [Saleh Al-Obeidi/AFP]

Saudi Arabia has signed an agreement to deposit $1bn in Yemen’s Aden-based central bank, state-run SPA news agency has reported, a move aimed at boosting the war-torn country’s economy.

The announcement on Tuesday comes as the Saudi-backed administration struggles with a weak currency and high fuel and commodity prices after nearly nine years of war.

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