President of Yemen Abd Rabbo Mansour Hadi said Saudi Arabia had agreed to deposit USD2bn into the Central Bank in the port city of Aden to shore up the deteriorating Yemeni rials. Hadi said the Kingdom had agreed to his country’s request to deposit the amount in the bank to “boost financial stability and strengthen confidence in the national economy”. Last week, Yemen’s currency declined at a record speed, hitting 380 against the USD for the first time since Al Houthi grab of power in 2014. The  government last year accused the rebel movement of plundering the country’s foreign reserves, a move that prompted Hadi into ordering relocation of the Central Bank to Aden. Government also blamed Al Houthis for tapping into a previous USD1bn deposit from Saudi Arabia and used the money in their military efforts. (Reuters)