Devaluating Yemeni Rial; Half of Yemenis Face Critical Food Insecurity

In 2021, Yemeni Rial is continuously depreciating which becomes the major driver of food insecurity since Yemen still mostly relies on the import sector to fulfill the people’s food needs. WFP mentions that half of Yemenis are facing a critical food crisis.

Yemeni Rial is continuously depreciating.
Illustration. The depreciating Yemeni currency causes food prices to soar. (ACTNews)

ACTNews, YEMEN – In 2021, Yemeni Rial is continuously depreciating. The Yemeni Rial dropped from YER 900 per USD in May 2021 to over YER 1,000 per USD by late July 2021 and was marked as the worst devaluation of the country with the 29 million population.

The depreciation becomes the major driver of food insecurity since Yemen still mostly relies on the import sector to fulfill the people’s food needs. WFP mentions that half of Yemenis are facing a critical food crisis. Millions of people cannot afford enough food to get them through the day.

According to the UN’s Humanitarian Agency, OCHA, more than half of Yemenis are facing crisis levels of food insecurity due to soaring food prices with the minimum food basket costs YER 9,133 per person or around IDR 525 thousand.

The situation is worsened by the Covid-19 pandemic. According to the World Health Organization, the Covid-19 cases in Yemen continue to increase. As of Monday (8/9/2021), a total of 7,139 positive cases occurred in Yemen, followed by 1,386 deaths.

Ironically, with the increasing cases, with concerns that the country is entering the third wave, the vaccination program in Yemen is very slow. So far, just over 310,000 vaccines have been administered – meaning that only 1 percent of the population has got their first dose. 

Firdaus Guritno from ACT’s Global Humanity Response invites all the benefactors to donate their wealth to the Yemenis. Later, the donation will be implemented through various humanitarian programs.

“ACT carries out various humanitarian programs in Yemen including food packages, clean water distribution, and medical assistance. Insha Allah, with donations from the benefactors, those humanitarian programs can continue to be carried out,” concluded Firdaus.[]