The Effect of the Arab Spring Revolution on the Yemeni Economy

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Author(s): Maroa Nasser Al Katheri (Lebanese American University, Lebanon)
Copyright: 2019
Pages: 11
Source title: Impacts of Political Instability on Economics in the MENA Region
Source Author(s)/Editor(s): Philippe W. Zgheib (Lebanese American University, Lebanon)
DOI: 10.4018/978-1-5225-8247-2.ch005

Keywords: Information Science Reference / Political Science / Social Sciences & Humanities / Socio-Economic Development

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Abstract

The economic and humanitarian conditions of the Yemeni population have been deteriorating. The variable that affects the Yemeni economy is the foreign exchange rate of the Yemeni currency. In 2014, one US Dollar equaled to 240 Yemeni Ryal. In 2018, one US Dollar equals 700 Yemeni Ryal. The massive leap of the value of the Yemeni Ryal against the US Dollar, paired with the stabilization of the public sector occupation salaries, deeply affected the quality of life of the Yemeni citizen. Furthermore, the leap of the Yemeni Ryal value leads to the increase of the merchandise prices as well as the price of public services. The decrease of the value of the Yemeni Ryal against the US Dollar is one variable that is assisting the levels of poverty in Yemen. However, this chapter believes that economic mismanagement and the foreign exchange rate are essential variables that explain the increase of poverty levels in Yemen.

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The Effect of the Arab Spring Revolution on the Yemeni Economy

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