RIYADH, Saudi Arabia- The Comprehensive Humanitarian Back-up Centre in Yemen, has taken note of a statement, announced by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in Yemen, to rescue the Yemeni currency (YR).

The Saudi Ambassador to Yemen, the executive director of the Comprehensive Humanitarian Back-up Centre in Yemen, and the supervisor of the Saudi Programme for the Development and Reconstruction of Yemen, Mohammed bin Saeed Al-Jaber, said that, Saudi Arabia has presented a number of initiatives and measures, to support and strengthen Yemen local currency.

Economic and humanitarian aid to improve the situation in Yemen, included provision of a deposit of $2 billion from Saudi Arabia, to the Central Bank of Yemen, in addition to the $1 billion, previously deposited, and the Kingdom has transferred $200 million to the Central Bank.

Al-Jaber added that, this support falls in line with completing the support of the Yemeni economy, on Oct 2, which led to a rise of its rate of exchange to SR185 to date.

It also covered the provisions of basic commodities from the Saudi deposit, through the Central Bank for all Yemenis, without distinction or discrimination, he said.

The Kingdom has provided another $1.18 billion, in collaboration with the Emirates and Kuwait, to support the United Nations Humanitarian Response Plan for Yemen, in 2018, as well as, other international support to United Nations organisations.

Source: NAM NEWS NETWORK

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