Yemen: Central Banks
(asked on 15th January 2019) - View Source
Question to the Department for International Development:
To ask the Secretary of State for International Development, what financial support the UK is providing to the Yemeni central bank.
This question was answered on 22nd January 2019
The UK is not providing any financial support the Central Bank of Yemen.
The UK worked diplomatically with the Central Bank of Yemen to release $270m of hard currency, provided by Saudi Arabia, to support importers bringing in food to Yemen. This resulted in an appreciation of the Riyal to pre-crisis levels and a subsequent reduction in food prices, helping ordinary Yemenis buy food in the markets.