PARIS, France - 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.
Riyadh leads a military coalition in Yemen that has been fighting the Iran - aligned Houthies since 2015 after the movement ousted the Saudi - backed government from the capital, Sanaa.
The conflict has shifted to a no-war, no - peace settlement as the fighting has largely stopped, but both parties have failed to renew a United Nations-brokered truce that expired in October.
It was not immediately clear whether the $1 billion was part of an existing $3 billion support package last May by Saudi Arabia and the United Arab Emirates for Yemen's economy.
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