Yemen's Cash Crisis Persists Despite Currency Stabilisation
Despite stabilization of Yemen's currency, cash shortages and exchange rate limits continue to frustrate citizens, exacerbating the country's economic woes.
Yemeni citizens are facing mounting frustration as the country's liquidity crisis persists, despite efforts to stabilize the local currency. Even as the exchange rate has steadied, exchange firms across the war-torn nation are imposing strict limits on currency conversion, leaving many Yemenis struggling to access the cash they need for daily transactions.
The ongoing cash crunch is the result of a confluence of factors stemming from Yemen's protracted civil war. Damage to the country's banking infrastructure, disruptions to imports and exports, and the collapse of the public sector have all contributed to the liquidity squeeze. Salaries for government workers and other vital services have been intermittent or non-existent for years, further exacerbating the crisis.
{{IMAGE_PLACEHOLDER}}Source: Al Jazeera
