from: https://sanaacenter.org/publications/analysis/8674 https://sanaacenter.org/publications/analysis/8674 "The Sana’a-based branch continued to operate under

from: https://sanaacenter.org/publications/analysis/8674 https://sanaacenter.org/publications/analysis/8674 "The Sana’a-based branch continued to operate under Houthi control, having kept the vast majority of the central bank’s staff, informational archives and purview over Houthi-held areas, which include the country’s largest population centers, commercial markets, and business and financial hubs." So, you split the country in two, one with "the largest population centers, commercial markets and business and financial hubs" but the loss of value of the currency is because the poorer side print more notes. I suppose that when you have a hammer everything looks like a nail, and when you have a website about "sound money" everything supports your theories.