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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 economy is on the verge of collapse. The economy has contracted by about 50 per cent since conflict escalated in March 2015. Employment and income opportunities have significantly diminished. Exchange rate volatility – including unprecedented depreciation of the Yemeni Rial (YER) between August and
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The Yemeni crisis began with the 2011–2012 revolution against President Abdullah Saleh, who had led Yemen for 33 years. After Saleh left office in early 2012 as part of a mediated agreement between the Yemeni government and opposition groups, the government led by Saleh's former vice president, Abdrabbuh Mansur Hadi, struggled to unite the fractious political landscape of the country and ...
Jan 21, 2020 · On December 18, 2019, the Sana’a central bank issued a directive that formally prohibited the use in Houthi-controlled territories of new Yemeni rial banknotes issued in Aden. The circular ordered those in Houthi-held areas to hand over any “illegal” notes in exchange for either electronic currency or physical banknotes printed before ...
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.
Women in Yemen face severe discrimination in law and practice. Violence against women in Yemen has increased —an estimated 3 million women and girls were at risk of violence by 2018, according ...
