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Currency War Threatens to Deepen Yemen’s Monetary Rift

July 18, 2025
Yemen's fractured monetary system is on the brink of further division. The Houthi group has introduced new unilateral monetary measures, issuing new coins and banknotes in an attempt to consolidate financial control, undermine their rivals, and sustain the war economy. On July 13, the Houthi-affiliated Central Bank of Yemen in Sana’a (CBY-Sana’a) … Read more