Saudi Arabia sends $2 billion to war-torn Yemen
Saudi Arabia's King Salman bin Abdulaziz Al Saud. Photo: Lintao Zhang / Pool / Getty Images
Saudi Arabia's King Salman bin Abdulaziz Al Saud ordered a $2 billion transfer to the Yemeni central bank, CNN reports, as a wave to stave off further economic turmoil in war-torn Yemen.
Why it matters: The Saudi Ministry of Culture and Information said in a statement that the money is meant to boost "Yemen's financial and economic situation while bolstering the Yemeni riyal." Per CNN, the riyal (Yemen's currency) has already dropped around %18 in value during January.