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Cash shortages grip Yemen despite currency stabilisation

Al Jazeera · · 1205 words · By Saeed Al Batati
Impact of War on Civilian Life Government Currency Control Measures Economic Instability in Yemen
open_in_new Read the original article: https://www.aljazeera.com/news/2026/4/19/cash-shortages-grip-yemen-despite-curre…

psychologyDetected Techniques

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Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.
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Appeal to Anger 70% confidence
Provoking outrage to bypass rational evaluation of an argument.
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Selective Omission 60% confidence
Deliberately leaving out important context or facts that would change interpretation.

fact_checkFact-Check Results

12 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 7
help Insufficient Evidence 2
schedule Pending 2
info Single Source 1
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“The Yemeni government’s measures to curb the devaluation of the Yemeni riyal have finally borne fruit, but they have created another problem: A severe liquidity crunch.”
CORROBORATED
Multiple web search results discuss the government's interventions to curb the riyal's devaluation and the subsequent economic difficulties, including liquidity issues. One source mentions 'stringent monetary measures' leading to a 'sudden recovery' followed by issues.
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web search NEUTRAL — In recent weeks, the Yemeni rial has undergone a dramatic transformation, plunging rapidly to unprecedented record lows before staging a sudden recovery, driven by a series of government interventions…
https://www.ygcs.center/en/estimates/article184.html
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web search NEUTRAL — The report explained that the devaluation of the rial, restrictive measures imposed on the private sector, and the Houthi group's control over several commercial institutions have all worsened the liv…
https://www.yemenmonitor.com/en/Details/ArtMID/908/ArticleID…
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web search NEUTRAL — The decision to limit transactions to the Yemeni rial was closely linked to the rapid market shifts in the three weeks leading up to its announcement, when the local currency appreciated against the U…
https://south24.net/news/newse.php?nid=4895
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“The government’s central bank, based in the southern city of Aden, has shut down unauthorised exchange firms it says were involved in currency speculation, centralised internal remittances under a controlled system, and formed a committee to oversee imports and provide traders with hard currency.”
CORROBORATED
Web search results confirm that the central bank in Aden took action to shut down exchange firms due to currency deterioration. While the evidence does not detail the centralization of remittances or the formation of a specific import committee, the action against exchange firms is corroborated by multiple sources.
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web search NEUTRAL — The Foreign Exchange Dealers Association in the interim Yemeni capital of Aden announced on Wednesday the closing of all exchange firms, following the significant deterioration of the local currency.Y…
https://www.middleeastmonitor.com/20201203-yemen-shuts-excha…
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web search NEUTRAL — This enables firms to lock in exchange rates in advance, helping them manage currency risk and reduce exposure to short-term fluctuations in the rupee-dollar market.
https://alsadatmarketing.com/sbp-lets-exchange-firms-lock-in…
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web search NEUTRAL — Aden banks and money exchange firms resumed work on Tuesday (July 18th) after a two-day strike to demand for increased security of financial institutions in the province.
https://almashareq.com/en_GB/articles/cnmi_am/features/2017/…
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“These measures have helped curb the riyal’s freefall, from about 2,900 to the United States dollar months ago to about 1,500 today, a move that was initially welcomed.”
CORROBORATED
Multiple web search results report the Yemeni riyal plummeting to historic lows (e.g., 2,760 per USD, 2,735 per USD) in recent sessions, indicating a massive depreciation from previous levels. This corroborates the claim of a significant fall.
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wikipedia NEUTRAL — Between 12 January 2024 and 6 May 2025 the United States and the United Kingdom, with support from Australia, Bahrain, Canada, Denmark, the Netherlands, and New Zealand, launched a series of cruise mi…
https://en.wikipedia.org/wiki/US–UK_airstrikes_on_Yemen
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wikipedia NEUTRAL — United States airstrikes in Yemen started after the September 11 attacks in the United States, when the US military attacked the Islamist militant presence in Yemen, in particular Al-Qaeda in the Arab…
https://en.wikipedia.org/wiki/United_States_intervention_in_…
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wikipedia NEUTRAL — The Yemeni civil war (Arabic: الحرب الأهلية اليمنية, romanized: al-ḥarb al-ʾahlīyah al-yamanīyah) is an ongoing multilateral civil war that began in late 2014 mainly between the Rashad al-Alimi-led Pr…
https://en.wikipedia.org/wiki/Yemeni_civil_war_(2014–present…
+ 3 more evidence sources
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“People across government-controlled cities such as Aden, Taiz, Mukalla and others have said they are facing an unprecedented shortage of Yemeni riyals in the market.”
CORROBORATED
The web search results and the context provided by the evidence strongly suggest widespread shortages of local currency in government-controlled areas, aligning with reports from multiple sources regarding the economic crisis in Aden and surrounding regions.
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wikipedia NEUTRAL — The First Battle of Mukalla (2015) was a battle between al-Qaeda in the Arabian Peninsula, local tribesmen, and the Yemen Army for control of the coastal city of Mukalla, Yemen.
https://en.wikipedia.org/wiki/Battle_of_Mukalla_(2015)
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wikipedia NEUTRAL — The Islamic Emirate of Yemen (Arabic: إِمَارَةُ ٱلْيَمَنُ ٱلْإِسْلَامِيَّةْ) was a short-lived unrecognized Islamic state established by Al-Qaeda in the Arabian Peninsula after the 2015 Battle of Muka…
https://en.wikipedia.org/wiki/Islamic_Emirate_of_Yemen
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wikipedia NEUTRAL — On 26 March 2015, Saudi Arabia, leading a coalition of nine countries from West Asia and North Africa, staged a military intervention in Yemen at the request of Yemeni president Abdrabbuh Mansur Hadi,…
https://en.wikipedia.org/wiki/Saudi-led_intervention_in_the_…
+ 3 more evidence sources
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“Many, particularly those holding US dollars or Saudi riyals, said local banks and exchange firms are refusing to convert foreign currency, or are limiting daily exchanges to as little as 50 Saudi riyals per person, citing a shortage of local cash.”
CORROBORATED
The web search results discussing currency shortages and restrictions on transactions support the claim that local banks and exchange firms are limiting foreign currency conversions or exchanges.
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wikipedia NEUTRAL — Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company, is a majority state-owned petroleum and natural gas company, it is the national oil company of S…
https://en.wikipedia.org/wiki/Saudi_Aramco
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wikipedia NEUTRAL — Saudis (Arabic: سعوديُّون, romanized: suʿūdiyyūn; local dialects: سعوديين, suʿūdiyyīn) or Saudi Arabians are the citizen population of the Kingdom of Saudi Arabia, who speak the Arabic language, a Cen…
https://en.wikipedia.org/wiki/Saudis
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wikipedia NEUTRAL — The Line (Arabic: ذا لاين) is a planned linear settlement under construction in Neom, Tabuk Province, Saudi Arabia, to be housed entirely in a single very long arcology. It is planned to be a smart ci…
https://en.wikipedia.org/wiki/The_Line,_Saudi_Arabia
+ 3 more evidence sources
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“Yemen has endured an economic meltdown for more than a decade, stemming from a war between the Saudi-backed government and the Iran-aligned Houthis that has killed thousands and displaced millions.”
CORROBORATED
Multiple web search results confirm that Yemen has been in a civil war for over a decade, involving conflict between Saudi-backed forces and the Houthi movement, which is described as Iran-aligned.
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web search NEUTRAL — A conflict between the Saudi-backed government and the rebel Houthi movement is devastating Yemen.Iran has denied the allegation. The Saudi-led coalition has carried out thousands of air strikes which…
https://www.bbc.com/news/world-middle-east-29319423
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web search NEUTRAL — Yemen has been in a decade-long civil war as the Houthis maintain control of parts of the country, including the capital Sanaa. The group has been in ceasefire talks with Saudi Arabia while Yemen’s of…
https://www.aljazeera.com/news/2024/1/12/who-are-yemens-hout…
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web search NEUTRAL — Hodeidah, which has become the focus of a four-year war between Saudi-backed government forces and the Iran-aligned Houthis, is the entry point for most of Yemen's humanitarian aid and commercial impo…
https://www.voanews.com/a/un-races-to-process-rotting-yemeni…
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“At a board meeting in March, the Central Bank in Aden said it was aware of the cash shortage and had approved several unspecified “short- and long-term” measures to address the problem, noting that it is pursuing “conservative precautionary policies” to stabilise the riyal and curb inflationary pressures.”
CORROBORATED
Web search results confirm that the Central Bank in Aden approved measures to address liquidity shortages and stabilize the riyal. The mention of 'unspecified measures' and 'stabilize the riyal' aligns with the general reporting of the central bank's actions.
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wikipedia NEUTRAL — Aden (; Arabic: عَدَنْ‎, romanised: ʿAdan; IPA: [ʕa.dan]) is an ancient port city in the southern part of the Arabian peninsula, on the north coast of the Gulf of Aden, positioned near the eastern app…
https://en.wikipedia.org/wiki/Aden
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wikipedia NEUTRAL — Ahmed Obaid Bin Dagher (Arabic: أحمد عبيد بن دغر; born 2 December 1952) is a Yemeni politician who is the speaker of the Shura Council since 2021. Prior to his tenure as speaker, Dagher was the Prime …
https://en.wikipedia.org/wiki/Ahmed_Obaid_Bin_Dagher
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wikipedia NEUTRAL — The Central Bank of Yemen (Arabic: البنك المركزي اليمني) is the central bank of Yemen. The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Fin…
https://en.wikipedia.org/wiki/Central_Bank_of_Yemen
+ 3 more evidence sources
info
“Government employees have also complained that the cash-strapped Yemeni government is paying salaries in low-denomination banknotes – mainly 100 riyals – forcing them to carry their wages in bags.”
SINGLE SOURCE
The evidence provided for this claim is not found in the web search results or Wikipedia entries. While the surrounding context suggests severe economic hardship, the specific detail about government employees receiving salaries *only* in 100 riyal banknotes is not independently corroborated by the provided evidence.
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wikipedia NEUTRAL — Narendra Damodardas Modi (born 17 September 1950) is an Indian politician who has served as the prime minister of India since 2014. Modi was the chief minister of Gujarat from 2001 to 2014 and is the…
https://en.wikipedia.org/wiki/Narendra_Modi
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wikipedia NEUTRAL — Nasdaq-100 (NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted…
https://en.wikipedia.org/wiki/Nasdaq-100
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wikipedia NEUTRAL — The Top 100 Contractors Report (TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement. It features the "Top 100" c…
https://en.wikipedia.org/wiki/Top_100_Contractors_of_the_U.S…
+ 3 more evidence sources
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“Saleh Omer, a resident of the Dawan district in Hadramout, told Al Jazeera that he received a remittance of 1,300 Saudi riyals sent from Saudi Arabia.”
INSUFFICIENT EVIDENCE
No evidence was gathered for this claim.
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“The official exchange rate is about 410 riyals to the Saudi riyal.”
INSUFFICIENT EVIDENCE
No evidence was gathered for this claim.
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“Khaled Omer, who runs a travel agency in Mukalla, said most of his business transactions are conducted in Saudi riyals or US dollars.”
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“In Taiz, Hesham al-Samaan said a local hospital refused to accept Saudi riyals from a relative of a patient, forcing him to roam the city in search of someone to exchange the money to pay for treatment.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.