Saudi Arabia said on Monday that it will transfer $200 million to Yemen’s Central Bank to support the country’s deteriorating economy. The pledge made by Saudi King Salman bin Abdul-Aziz Al Saud aims to ease the financial burden suffered by Yemenis who have been protesting the collapsing Yemeni riyal. The Central Bank increased interest rates as the national currency witnessed a free fall because of the ongoing war in the country.
In a separate announcement, Saudi Arabia admitted on Monday to making mistakes in its military operations in Yemen. “The task force recommended that perpetrators should be held to account and victims should enjoy redress,” Saudi Defense Ministry official Osaiker Alotaibi told the UN Committee on the Rights of the Child investigating the death of children in the Yemeni conflict. The kingdom has come under international criticism since its intervention in the Yemeni war in 2015, for killing civilians and bombing schools and hospitals. Read More