17 Days
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اقتصاد
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Source: اقتصاد
17 Daysاقتصاد
Source: اقتصاد
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The Yemeni government has decided to liberalize the customs dollar exchange rate and link it to the parallel market prices, in an attempt to boost state revenues and address the worsening financial crisis following the halt of oil exports in 2022. This decision has led to an increase in the value of the customs dollar from about 750 riyals to approximately 1,550 riyals, which is expected to raise the prices of some goods by between 2% and 8%. There are also warnings of a new wave of inflation and a decline in citizens' purchasing power. Although the government has approved measures to control prices and enhance oversight, the private sector fears that the increase will result in reduced import activity and higher transportation and shipping costs, at a time when the challenges facing the Yemeni economy are increasing overall.
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