The Yemeni government’s recent efforts to stabilise the Yemeni riyal have led to an unexpected liquidity crisis. Following the implementation of stringent measures by the Central Bank of Yemen, the currency’s value has improved significantly, moving from approximately 2,900 riyals to the United States dollar to around 1,500 riyals. This turnaround, however, has not alleviated public frustrations as cash shortages have continued to escalate across the country.

The central bank, headquartered in Aden, has taken actions against unauthorised exchange firms allegedly involved in currency speculation. It has centralised internal remittances and established a monitoring committee for imports to ensure a steady supply of foreign currency for traders. Despite these measures producing a short-term stabilisation of the riyal, cash remains scarce in the marketplace.

Public Frustration Over Cash Shortages

Government’s Response to Liquidity Challenges

Impact on Daily Transactions and Services

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