Agreement between the Yemeni central Bank and Saudi financial authorities for the transfer of salary funds

Agreement between the Yemeni central Bank  and Saudi financial authorities for the transfer of salary funds


The central bank of Yemen, the Ministry of Finance of Saudi Arabia, the Saudi Arabian monetary Agency, the Saudi National Bank and the leadership of the Arab Coalition led by Saudi Arabia, in Riyadh, signed the agreement on the transfer of salary funds for soldiers and support for the Yemeni budget.

According to the agreement, the salaries of the soldiers who receive salaries from the Arab coalition will be disbursed through the central bank, thereby enhancing the foreign reserves of the central bank.

According to the governor of the central bank Hafez Muaiad in his posting on his page on "Facebook ", salaries will be disbursed with Yemeni riyal.

"The governor of the central bank praised the great and unlimited support provided by the Kingdom's leadership represented by King Salman bin Abdulaziz and His Highness Prince Mohammed bin Salman, and their direct and strong interest in supporting the Yemeni economy."

The agreement is part of a series of agreements submitted by the Kingdom to support the Yemeni economy and the central bank, which was preceded by the Saudi deposit agreement of $2 billion, which is used to support commodity purchases.

According to Muaiad, the agreement has greatly boosted the price of the Yemeni riyal against the dollar, and there are other measures in the coming period that the Kingdom's leadership intends to take to support the Yemeni economy.


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