Famine Warning Network: The ban on new currency is worsening the situation in the north
English - Saturday 29 February 2020 الساعة 01:08 pm
Aden, Newsyemen
The Famine Early Warning Organization expected that macroeconomic conditions will continue to deteriorate in Yemen in the coming months, due to the severe shortage of currency rates in the absence of additional financial intervention, increased food prices and restricted access to income.
In its latest update published on February 28, 2020, ViewSent, a network of early warning systems against famine, said food security conditions are expected to deteriorate along with further reductions in purchasing power.
As the Yemeni riyal continues to decline, food imports through Red Sea ports declined in January for the third month in a row.
The results of the crisis - the third stage of the International Patent Classification - are widespread, with widespread humanitarian food aid. In 2020, according to a network of famine early warning systems, more than 17 million people are expected to require monthly humanitarian food assistance.
The risk of starvation remains - stage 5 of the IPC - and it will be possible if the conflict significantly disrupts port operations - which limits the country's ability to import food - or restricts food supplies to certain areas for an extended period of time.
The stages of food insecurity are divided into five phases: the first minimum, the second severe, the third stage of crisis, the fourth emergency, and the fifth stage of the catastrophic "famine", and the third stage and above expresses severe acute food insecurity.
The continuing decline in imports and the disruption of food imports are expected to lead to an increase in food prices throughout the country. According to the World Food Program, the average national exchange rate increased by 9 percent compared to last November to 655 riyals per dollar in February, the highest level ever since late 2018.
According to the reports of the United Nations Verification and Inspection Mechanism in Yemen, monthly levels of food imports through the Red Sea ports have declined since October 2020. Meanwhile, in the northern regions, it is expected that the income will become more difficult due to the stoppage of salary payments and more disturbance in payments Business and financial transfers resulting from the ban on new banknotes.
The war, which is approaching its sixth year, has severely disrupted livelihoods and reduced income. Food prices remain high and access to food is insufficient for many families, and there are currently 17 million people in need of humanitarian food aid.
