Yemen: Currency devaluation and rising prices in Yemen

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The Yemeni economy deteriorated due to the civil war and due to low production of crude oil amid its declined prices worldwide which increase people suffering and the decline of the purchasing power.

 

 

The Yemeni “Riyal” is unnoticeably deteriorating for a long time until the economy reached a point that declined the purchasing power through the decline of production and the decline of export of crude oil amid its decline of its price internationally in three financial years reaching up to 3% yearly.

This matter reflected negatively on the citizens during the civil war which caused the increase in products prices and the spread of unemployment after many oil companies left the cities.

 

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