VOL. XXXVIII
NO. 27
3-APRIL-1995
Financial and Banking News
Economic Policy
Yemen's Tentative Steps Towards Reform Spark Protests
Yemen has devalued its currency to one quarter of its previous valueagainst the dollar as part of a series of measures aimed at restoring some formof equilibrium to its economy. The devaluation was accompanied by a rise in fuelprices and transport fares and immediately sparked violent protests in Aden. Thegovernment has also announced its first budget for three years.
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