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How the Houthis created an alternative economy in Yemen ...Kuwait
On 30 March, Yemen's Houthi-led de facto government in Sana’a minted a new 100-riyal coin. The unprecedented move came under the pretext of finding a solution to the growing problem of damaged banknotes. Yemeni analysts, however, saw it as yet another step the Iran-backed militia group has taken in an alternative, independent economy it has created, which further threatens ‘peace and stability’ in the war-torn nation. In response to what it described as a “grave escalation,” the Internationally Recognised Government (IRG) in Aden warned citizens not to use the “counterfeit” currency, and in April issued a decision requiring banks in areas under Houthi rule to relocate
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