Cash shortages grip Yemen despite currency stabilisation
Airfind news item
By Saeed Al Batati
Published on April 19, 2026.
The Yemeni government's efforts to curb the devaluation of the riyal have resulted in a severe liquidity crunch, with people across government-controlled cities reporting an unprecedented shortage of Yemeni riyals. The central bank, based in Aden, has shut down unauthorised exchange firms and centralised internal remittances under a controlled system, and established a committee to oversee imports and provide traders with hard currency. However, this has led to public frustration over a worsening shortage of cash in riyales. Local banks and exchange firms are refusing to convert foreign currency, limiting daily exchanges to as little as 50 Saudi riyALS per person, citing a shortage of local cash. This has left many Yemenis unable to access cash or use their savings in hard currency at a time of economic pressure. The Central Bank in Aden has approved several measures to address the cash shortage, including measures to stabilise the currency and reduce inflationary pressures.
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