Customs exchange rate raised by 50 percent amid prices spike in Yemen
epa10400145 A currency exchange office worker counts Yemeni currency banknotes at an exchange office in Sana'a, Yemen, 11 January 2023. The Yemeni government has approved a decision to raise the US dollar exchange rate used to calculate customs duties by 50 percent (from 500 Yemeni rials to 750), amid inflation and a steady decline in the purchasing power. Yemen imports almost 90 percent of its overall needs and food and an estimated 80 percent of its 30 million-population are reliant on humanitarian aid due to around eight years of war. EPA/YAHYA ARHAB
