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The rial ( Arabic: ريال يمني; sign: ﷼; abbreviation: YRl (singular) and YRls (plural) in Latin, [2] ,ر.ي in Arabic; ISO code: YER) is the official currency of the Republic of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification. Due to the ongoing political ...
The Yemeni Civil War and air bombing campaign by the coalition during the Saudi-led intervention have devastated the Yemeni economy further. As a result of civil war, Yemen is suffering from inflation and devaluation of Yemeni rial, and Yemen's economy contracted by 50% from the start of the civil war on 19 March 2015 to October 2018.
Yemen (/ ˈ j ɛ m ən / ⓘ; Arabic: ٱلْيَمَنْ, romanized: al-Yaman), officially the Republic of Yemen, is a sovereign state in West Asia. Located in the southern Arabian Peninsula, it borders Saudi Arabia to the north, Oman to the northeast, and the Indian Ocean to the south, sharing maritime borders with Eritrea, Djibouti and Somalia across the Horn of Africa.
Yemen's Economic Update — April 2020. Download Yemen report: English. After almost five years of escalating conflict, Yemen continues to face an unprecedented humanitarian, social and economic crisis. Significant damage to vital public infrastructure has contributed to a disruption of basic services, while insecurity has delayed the ...
Yemen's Economic Update — October 2021. Download Yemen report: English. With the conflict continuing in 2021, the value of the Yemeni riyal continues to depreciate to new historic lows, driving large increases in food prices and pushing more people into extreme poverty. Socioeconomic conditions are deteriorating rapidly, further affected by ...
Jun 24, 2021 · Foreign currency injections from donors and investment by development actors and international financial institutions are urgently needed to sustain the imports of food and other basic commodities and prevent further devaluation of the Yemeni rial. Direct support to the Yemeni economy was key to averting famine in 2019.
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2 days ago · The history, culture, economy, and population of Yemen have all been influenced by the country’s strategic location at the southern entrance of the Red Sea —a crossroads of both ancient and modern trade and communications routes. In the ancient world, the states that occupied the area known today as Yemen controlled the supply of such ...
