) - Saudi Finance Minister Mohammed Al-Jadaan signed with the governor of the Central Bank of Yemen Mohammed bin Mansour Zemam in the Saudi capital Riyadh an agreement to hand over two billion Saudi dollars to the Central Bank of Yemen. 

"The agreement comes in line with the directives of King Salman bin Abdul Aziz and extends the support of Saudi Arabia to the brotherly people of Yemen, so that the total of what has been presented as a deposit of the Central Bank of Yemen is three billion dollars," he said.

He pointed out that the deposit will enhance the financial and economic situation in Yemen , especially the exchange rate of the Yemeni riyal, which is reflected positively on the living conditions of Yemeni citizens. 

In mid-January, King Salman ordered the deposit of $ 2 billion in the Central Bank of Yemen account to support the collapsed Yemeni riyal. 

The Saudi king's decision came after the government of Yemeni President Abed Rabbo Mansour Hadi said it was counting on Saudi Arabia to stop the deterioration of the "unacceptable" national currency. 

The Yemeni riyal exchange rate in 2017 fell from 250 to 350 riyals against the dollar following government measures to boost liquidity, reaching 440 riyals against the dollar by the end of last year. 

The exchange rate of the Yemeni riyal continued to fall after New Year's Day and reached about 500 riyals against the dollar this week.