WFP Reveals Food Price Difference Between Sana’a, Southern Occupied Governorates
The World Food Program has recognized the financial and economic management, in governorates under the Supreme Political Council, as much better than the rest of the occupied southern governorates. A report issued by the World Food Program revealed, that the food prices in the occupied southern governorates increased by 4.6% recently.
The program emphasized that the rise in food prices changed its direction at the end of last January, due to the exchange rate in the southern governorates, which affected the cost of the minimum food basket price.
It added that the exchange rate fluctuations and the depreciation of the Yemeni riyal have not yet translated into significant differences in the prices of food basket commodities for the Food Security and Agriculture bloc.
The program indicated that the large differences in commodity prices in the northern and southern governorates will emerge if the exchange rate differences persist for some time. It Points out that the depreciation of the Yemeni riyal has not yet translated into an increase in commodity prices, due to the fact that there is sufficient food stocks in the country for a period of 2 to 3 months.
The government authorities in Sana’a has taken a number of successful financial and economic policies by restricting the circulation of the new currency in all governorates under the control of the Supreme Political Council during the past months.