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Al Jazeera
Al Jazeera
Business
Khalid Al-Karimi

Yemeni currency devaluation persists, despite new leadership

A worker carries piles of Yemeni currency in the Central Bank of Yemen, in Sanaa [File: Khaled Abdullah/Reuters]

A truce between Yemen’s internationally recognised government and the Houthi rebels has helped bring a semblance of stability to the country since it began at the start of April, considerably reducing hostilities on the country’s front lines, and making many Yemenis hopeful that an end to the war could be in sight.

But Yemen’s economy, and in particular its currency, continues to struggle, leaving millions of Yemenis in poverty, and casting doubt on the capability of the government’s Presidential Leadership Council (PLC), which was sworn in on April 19.

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