Yemen's Houthi rebels and government fight for control of banks, causing currency chaos and economic instability.
Yemen's Houthi rebels and government are fighting for control of banks, worsening the economy's turmoil. They use different currency notes and exchange rates, undermining the riyal and causing price increases. For weeks, people in Houthi-controlled areas have been unable to withdraw money from bank accounts. The financial system is further destabilized, threatening an already struggling economy.
June 16, 2024
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