Depreciation Of The Yemen Rial
Depreciation of the Yemen Rial the ugliest face of the war in Yemen. the war has imposed a new reality on the economic scene characterized by the devastation and destruction of public and private institutions, disruption of production, and economic and financial decline. Public and private institutions were destroyed and all economic indicators of government declined. all exports, including oil and gas, stopped and affected the trade balance and reserve ratios in an unprecedented way. the volume of foreign exchange reserves fell from 8.3 billion dollars in 2008 to USD 4.6 billion in 2014. during the war, it further fell to USD 700 million before the CBY was moved to Aden in September 2016, including the Saudi deposit of USD I Billion.