Saudi Arabia to deposit $1 billion in Yemen’s Aden-based central bank

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Saudi Arabia will make a $1 billion deposit in Yemen’s Aden-based central bank on Tuesday, a Saudi source told Reuters, as the government there struggles with a weak currency and high fuel and commodity prices.

An official announcement is expected later on Tuesday at the closing of a major humanitarian conference hosted by the Kingdom’s King Salman Humanitarian Aid and Relief Center in Riyadh, the source said.