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The key indicators at a glance
Current exchange rate
Wednesday, November 20, 2024
Old Notes - Sana'a
USD / YER
537
New Notes - Aden
USD / YER
2060
Food Basket Price
---
DFA (Sana'a)
USD / YER
-
IRG (Aden)
USD / YER
-
Number of
Monitoring Events
November 04, 2024
4748
Unofficial exchange rates sourced from
YemenSul, Telegram.
2

Exchange rate and commodity prices

The exchange rate and commodity price module provides policymakers with timely, accurate, and targeted information on economic trends and developments, focusing on exchange rates and commodity prices to support analyses and policies that help alleviate the economic and humanitarian situation in Yemen.
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Daily exchange rate tracker

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Unofficial exchange rates sources from YemenSul, Telegram

Current Exchange Rate
Wednesday, November 20, 2024
Old Notes - Sana'a
537
12.3%
New Notes - Aden
2060
12.3%
Old Notes - Sana'a
New Notes - Aden
YEMEN TWO CURRENCY SYSTEM:

In January 2020, the Central Bank of Yemen (CBY) in Sana'a banned the circulation of new Yemeni rial (YER) banknotes issued by the Internationally Recognized Government (IRG) controlled CBY in Aden. As a result, Yemen currently has two YER currency areas in place. Old banknotes are used in the de-facto authority (DFA) areas in the north of Yemen (also known as the Houthis), and new banknotes are used in the Internationally Recognized Government (IRG) controlled south and east of Yemen.

WAGES:

Based on interviews, the current average wage for a Yemeni teacher is YER 60,000 per month. This figure can be used to calculate purchasing power.
CONTEXT:

In recent years, CBY Aden has printed new YER banknotes to finance the IRG budget-deficit and to replace damaged banknotes in circulation. However, CBY Aden's reliance on the issuance of new notes has created downward pressure on the exchange rate of YER against USD causing higher prices of goods and services on consumers. As a result, the value of new YER banknotes has witnessed a series of significant depreciation events.

Regional commodity comparison

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Commodities + source
Wheat
Onions

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IRG
DFA

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Key Events

The events below have been highlighted by ACAPS Monitoring Team as 'key events'. It refers to events which have a significant impact on the political, economic, social and humanitarian situation in Yemen.

Commodity Price
Associated key events
Event Date Headline Source
27 Oct 2023 In publishing and graphic design, Lorem ipsum is a placeholder text commonly used to demonstrate the visual form BBC
27 Oct 2023 In publishing and graphic design, Lorem ipsum is a placeholder text commonly used to demonstrate the visual form Sky
27 Oct 2023 In publishing and graphic design, Lorem ipsum is a placeholder text commonly used to demonstrate the visual form Le Monde
27 Oct 2023 In publishing and graphic design, Lorem ipsum is a placeholder text commonly used to demonstrate the visual form BBC

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