Saudi financial aid helps Yemeni riyal rebound ...Saudi Arabia

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Saudi financial aid helps Yemeni riyal rebound
AL-MUKALLA: The Yemeni riyal rose against the dollar on Wednesday for the first time in months, less than a day after Saudi Arabia announced $1.2 billion in aid to save Yemen’s economy.  The beleaguered currency jumped from 1,420 against the dollar on Tuesday morning to 1,392 on Wednesday, according to money traders in government-controlled areas. Yemen’s riyal has been in free-fall for months, amid reports of stalled peace efforts and a halt to crude exports, the country’s primary revenue source.

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