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If Quaiti's estimate is confirmed, economic collapse could engulf Yemen, one of the world's poorest countries, sooner than previously anticipated. The central bank in Sanaa, which is currently run by veteran governor Mohamed Bin Humam, could not immediately be reached for comment. Diplomats largely agree that the bank has maintained its impartiality throughout the 18-month civil war, remaining the last pillar of Yemen's financial system and guaranteeing imports of key food staples - a job that becomes harder as foreign exchange reserves dwindle. [nL8N1B54SM] FAMINE FEARS Yemen imports 90 percent of its food, making the guarantees vital for staving off famine in a country where more than half the population suffers from malnutrition. Of Yemen's 28 million people some 21 million need some form of
To learn more about plane tickets cheap visit air tickets onlinehumanitarian aid. Quaiti acknowledged concerns about the humanitarian fallout that might result from moving the bank, but said the problems pre-dated the government's decision to intervene. "The central bank has reached a point at which it has exhausted its foreign reserves and is no longer able to cover its commitments," he said. It remains unclear whether foreign banks and international financial institutions will cease their dealings with the Sanaa bank, as the exiled government has demanded. The Houthi movement, an armed Islamist movement hailing from Yemen's Zaydi Shi'ite sect, took over Sanaa in September 2014 and seized most public institutions in what it described as a revolution against corrupt officials. When their fighters and allies in Yemen's army advanced on Aden in March 2015, Saudi Arabia and a coalition of mostly Gulf Arab states intervened in the conflict on the side of the internationally recognized government.
This shouldn't be confused with the rigid fare system that prevailed when the first low-cost airlines hit the scene. This is more like an evolution of the low-cost fare system which lets customers choose the extras they want to add to the base fare. This approach means re-bundling a bunch of services -- from checked-in luggage to a wider, more spacious seat --- into a number of fare package options travel deals of varying complexity, all selling for a set price. Think of it as like the menu options at a fast-food joint. The airfare arms race Airlines might have a whole battery of tools to help them extract the most revenue from their passengers, but travelers can also call on their own arsenal of technological countermeasures. Companies such as Skyscanner and Kayak have introduced fare alerts that allow you to monitor fares for specific flights and get automated alerts the moment they change. Some companies are also developing fare prediction technology that promises to help travelers book their flights at the optimal moment, when the fare is likely to be lower. In order to do this they rely on their own algorithms, plus a heap of historical data on air fares. California-based FLYR uses its own proprietary fare prediction technology to offer fare lock-in insurance in partnership with TripAdvisor. This service is similar to buying a financial option where you pay a relatively small premium in advance, to make sure you won't pay more than a certain amount at a later date. It also works with travel agents and other distribution partners to optimize bookings.
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