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Written question asked by Keith Vaz (Labour) on Tuesday, 15 January 2019, in the House of Commons. It was due for an answer on Thursday, 17 January 2019. It was answered by Alistair Burt (Conservative) on Tuesday, 22 January 2019 on behalf of the Department for International Development.


Yemen: Central Banks

Question

To ask the Secretary of State for International Development, what financial support the UK is providing to the Yemeni central bank.

Answer

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.


Secondary information

Type
Written question
Reference
208757
Session
2017-19
Registered interest declared
Yes
Subjects
Central banks Yemen
Contains statistics
Yes
Link
View this Written question on www.parliament.uk