Browsing Category

Yemen

New Black Markets in Yemen Amid Soaring Prices of Bread

Amid abject poverty, starvation, and soaring prices millions of citizens are unable to put food on their tables as a loaf of bread hit a new price of 50 Yemeni Rials in Aden. This was accompanied by a salary cutoff, not to mention that…

Chocolate Replaces Low-Value Banknote in Yemen

Yemeni Riyal's value plummeted by 300%, hitting a new exchange rate of 800 Riyal per US dollar in Yemen's temporary capital of Aden. The devaluation was spurred by the government's decision to halt printing low-value banknotes from 10 to…