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Yemen Economic Bulletin: STC’s Aden Takeover Cripples Central Bank and Fragments Public Finances

June 17, 2020
On 25 April, the Southern Transitional Council (STC) declared emergency self-rule across all southern Yemen in a direct challenge to the authority of the internationally recognized Yemeni government. This assertion of influence was quickly shown to be overly ambitious, with various southern governors rejecting the STC declaration and Yemeni governm…