The Next Moves in Yemen's Deadly Chess Game

A handout picture released by the official Kuwait News Agency (KUNA) on April 21, 2016 showing delegations taking part in the Yemen peace talks, in Kuwait City. On 6th of August 2016, the Special Envoy of the United Nations Secretary-General for Yemen, Ismail Ould Cheikh Ahmed, announced the end of the Kuwait round of Yemen’s peace talks. Following an earlier two rounds of talks in Switzerland, the Kuwait talks were launched on 21st of April 2016. Despite the lengthy period of this round and the range of topics and proposals discussed by the delegations, no agreement was reached and the Special Envoy concluded by promising further talks at a future date not agreed upon yet. In the meantime,

Yemen Transition 2.0: The Foreign Exchange Crisis

Yemen's official foreign currency reserves have declined to $2.1 billion at the end of 2015, covering only two months of imports. Without sufficient foreign currency reserves, the Central Bank of Yemen is quickly running out of options, and Yemen is quickly sliding into a foreign exchange crisis, which could be the precursor of a long-feared dramatic collapse of Yemen's economy. In its latest publication, DeepRoot Consulting provides an overview of the current state of the economy in Yemen, and argues that aggressive monetary policy interventions are needed to stabilize the currency. The paper provides a summary of intervention by the Central Bank of Yemen since the current war started, and

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