Saudi Arabia invests $1B in Yemen's central bank
Fox News
Saudi Arabia deposited $1 billion into the Yemeni central bank Tuesday in what is reportedly a bid to aid the country's struggling economy.
Yemen’s ruinous civil war, now entering its ninth year, has wrecked the country’s economy and pushed half of the population to the brink of famine. Over 150,000 people have been killed in the conflict.
The war began in 2014 when Iran-backed Houthi rebels seized Yemen’s capital Sanaa, along with much of the north of the country, forcing the government into exile. A Saudi coalition, including the United Arab Emirates, intervened the next year to try to restore the internationally recognized government. The country’s central bank has since been divided between the warring sides, with the Houthis operating its monetary authority from Sanaa