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Saudi Arabia announces $2 bn bailout for Yemen government

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Breaking news – Saudi Arabia (NEWZ247) Saudi Arabia on Wednesday reported it would exchange $2 billion to Yemen’s central bank, after desperate calls for financing from the war-torn nation’s leader and PM.

“To address the deteriorating economic circumstance looked by the Yemeni individuals because of the activities of the Houthi rebels, King Salman receptacle Abdulaziz has issued a mandate to exchange a $2bn store to the national bank of Yemen, in continuation of the kingdom’s help of the Yemeni people,” the interior ministry said in a statement.

Saudi Arabia, which is confronting a robust budget shortage, drives a military coalition that is doing combating the Huthi revolts nearby the internationally recognised government.

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