Reported 8 months ago
The ongoing battle for control of Yemen's banks between the Houthi rebels and the government is escalating, jeopardizing the country's already struggling economy. This conflict has led to a fragmentation of the financial system, causing instability in the currency value, hindering money access for citizens, disrupting remittances, and potentially leading to increased poverty and food insecurity. The dispute includes the issuance of differing currency notes and new coins and could result in severe consequences if not resolved.
Source: YAHOO