JEDDAH: Saudi Ambassador to Yemen Mohammed bin Saeed Al-Jaber has called on UN organizations to help Yemen's central bank to boost the rial and ease prices.
Al-Jaber said the UN can contribute by depositing funds into the central bank, instead of injecting them into Yemeni commercial banks outside the country, which he says do not transfer the money to Yemen.
This, Al Jaber says, has led to increasing the volume of speculations on foreign currencies inside Yemen and the depreciation of its currency.
The Saudi ambassador, who is also the executive director of the Center for Comprehensive Humanitarian Operations in Yemen, said the center will assist in coordination between international organizations and the Yemeni government.
Saudi Arabia’s King Salman ordered a $200 million grant be given to the central bank last week, the Saudi Press Agency reported.
Al-Jaber said economic and humanitarian aid to improve the situation in Yemen included a deposit of $2 billion in march from the Kingdom to the Central Bank of Yemen,
The Kingdom has also earlier transferred $1 billion to the bank.
