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Yemen: Yemen currency collapse worsens economic crisis, deepening suffering of ordinary people
Storyline: The Yemeni rial has continued its steep decline in government-controlled areas, plummeting to an all-time low of approximately 2,900 per US dollar in recent trading sessions. The sharp drop underscores the worsening economic crisis, deepening the suffering of Yemeni households struggling to meet basic needs. As the exchange rate plummets, prices for essential goods have soared, crippling purchasing power. Yemenis are finding daily life increasingly unaffordable. Amid the severe currency crisis, Yemen's oil export revenues have sharply declined, and foreign exchange reserves are critically low, while the government has yet to propose a viable solution. With falling confidence in the national currency, public anxiety is at an all-time high. As national foreign currency revenues have dwindled and international humanitarian aid has also seen a sharp decline, prices have soared across the country. The cost of essential goods such as wheat, flour, and cooking oil has risen by over 40 percent in just a few months, making necessities unaffordable for many families. Shrinking wages and declining purchasing power have made daily life increasingly difficult for the population. Shotlist: Aden, Yemen - July 21, 2025: 1. Various of Yemeni, U.S. rial banknotes; exchange company staff members, Yemeni rial banknotes running through money-counting machine; stack of banknotes 2. Various of people at bank FILE: Aden, Yemen - July 11, 2021: 3. Various of Central Bank of Yemen building, sign; traffic Aden, Yemen - July 21, 2025: 4. SOUNDBITE (Arabic) Mohammed Saleh Al Safi, director, Al Haddad Exchange Company (ending with shot 5): "In the past three months, exchange rate fluctuations have been highly volatile and unpredictable. Immediate measures must be taken. If the government doesn't intervene urgently, the devaluation will keep pushing food prices up and severely impact people's lives." 5. Various of exchange company office, traffic; people 6. Various of shoppers buying goods at store 7. SOUNDBITE (Arabic) Karim Hussein Adel, resident (ending with shot 8): "The situation is terrible. One U.S. dollar is now worth 2,900 rials, but a regular government employee earns only 50,000 rials a month. When a bag of rice costs 60,000 rials, what choices does he have? Yemen is torn by internal conflict, yet no one is thinking about what ordinary people are going through." 8. Various of traffic, pedestrians; cityscape FILE: Aden, Yemen - Nov 30, 2023: 9. Various of port scene; containers, facility, ship [Restrictions : No access Chinese mainland]
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