Yemen’s national currency experienced a notable recovery on Saturday, climbing to 1,800 rials per U.S. dollar in areas under government control—up from nearly 2,900 just two weeks earlier. 

This rebound has prompted the launch of a nationwide initiative to regulate prices, according to reports from financial sources in Aden.

The resurgence of the rial, marking its strongest performance in months, has raised public expectations for relief from soaring food costs.

The Central Bank in Aden played a key role in stabilizing the currency by revoking the licenses of 24 currency exchange companies suspected of manipulating rates and by increasing financial oversight.