The riyal’s slide has triggered a sharp rise in the prices of food and fuel, leaving millions unable to afford basic staples.
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Fighting continued around Hodeida Tuesday despite the statement from the Houthis that a three-pronged coalition assault had been stopped around the city's outskirts.Dozens of fighters have been killed and hundreds wounded from both sides since a renewed coalition offensive on the city began five days ago, following calls by the Trump administration for a cease-fire by late November.Medics at hospitals in the Hodeida neighborhood of Bajil reported they had received the bodies of 49 Houthi rebels Tuesday morning.The Norwegian Refugee Council said millions of Yemenis are edging closer to famine as the coalition's blockade on sea, land and air routes in the Arab world's poorest country continued.The coalition restricted access to Yemen in November last year, after a missile assault by rebels targeted the Saudi capital, Riyadh.The Yemeni riyal has plunged more than 36 percent in 2018, despite a $2-billion deposit in the central bank by Saudi Arabia aimed at saving the currency.
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