Yemen: bimonthly economic update
The Yemeni rial continued to be stable in November 2022, but a disruption in currency auctions and growing fears surrounding depleted foreign currency reserves led to the depreciation of the currency in December. In the first half of November, the rial’s value in areas under the control of the Internationally Recognized Government of Yemen (IRG) fluctuated between YER 1,150 and YER 1,180 per USD 1, continuing its trend of stability witnessed in the previous reporting period.
The YETI bimonthly economic update aims to provide a quick overview of the main economic trends in Yemen, including commodities prices, exchange rate, food and fuel imports volumes and major contextual events. It is based on data included in the YETI dashboard and follows its module structure.