Al Qaeda is gone but economic woes remain, in Mukalla

The great preoccupation for locals is no longer everyday security but money after a rial crisis gripped the country. Disturbances about the lack of cash welled up in recent weeks. The Houthi takeover of Yemen that began in 2014 led to a destabilization of the country’s financial system with the hasty relocation of the central bank a year later. In places like Mukalla, the struggle to stave off the ravages of the national currency collapse is felt by all. There are no effectively two centers of monetary policy, one in Sanaa and one in Aden. As the currency has dropped below 600 rials to the dollar in recent weeks, life has become harder for Huda Abdullah.

 

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https://www.thenational.ae/world/mena/in-liberated-mukalla-al-qaeda-is-gone-but-economic-woes-remain-1.776534

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