Government efforts are underway to speed up the rise of the currency considering the formidable economic and political challenges, but economists are showing cautious optimism towards this development.
ADEN: The Governor of the Central Bank of Yemen, Dr. Mohammed Mansour Zammam, said on Monday that a number of steps have been taken to ease pressure on currency markets and provide basic commodities to citizens at appropriate prices in different governorates. “The Saudi minister of finance approved 23 applications valued at over $62 million made by Yemeni commercial banks,”
Demonstrators have blocked main roads in several Yemeni cities in protest against a fall in the local currency and rise in food and fuel prices. Peace talks this week don't raise much hope of resolving the impasse.