Yemen: The Recent Depreciation in Yemeni Rial Value Exacerbates the Disastrous Economic Reality

On Dec 7, 2020

Taiz-Yemen 07/12/2020

In the war-ridden region, wretched families in Taiz governorate can’t afford food high prices following a depreciation in the currency’s value. The central bank attempts to stabilize the value of the Yemeni Rial were all to no avail. Widespread fears swept the country as the currency value declined 26% in the government-run regions, which exacerbated the disastrous economic reality, leading many people to rely solely on humanitarian aid

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