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Remittances Dropped by 80 Percent in Yemen

Cash transfers from Yemenis abroad to their country have declined by 80 percent in the first four months of 2020, Oxfam announced on Thursday.

News

Remittances to Yemen Plummet as Needs Surge Amid War and Coronavirus

The World Bank estimates that one in ten people in Yemen wholly rely on money transfers to meet their basic needs. Remittances to Yemen in 2019 totaled $3.8 billion - 13% of GDP.