How Yemen's Rival Banks Are Fueling a Civil War
Global Dispatches -- World News That Matters - A podcast by Global Dispatches
Yemen has two rival central banks. These banks have their own priorities and fiscal policies -- and were set up, in part, to help defeat the other and control the Yemeni Rial. The result has been runaway inflation and food prices that are increasingly out of reach for ordinary Yemenis. Annelle Sheline of The Quincy Institute for Responsible Statecraft explains how Yemen came to have rival central banks and how this situation fits into the broader conflict in Yemen.
