Yemen's government raises customs exchange rate by 50%
10 Jan 2023; MEMO: Yemen's recognised government has raised the US dollar exchange rate used to calculate customs duties on non-essential goods by 50 per cent, effective Tuesday, a document and traders said, Reuters reports.
The decision applies only to south Yemen, which the government controls, including the port city of Aden. The country's main entry point for commodities, Hodeidah port, is held by the Houthi Movement, which has a different exchange system.
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