Economic Report By SEMC: Improve in exchange of YR and increase in the prices of Basic Commodities.
Yemen economic indicators report shows improve in exchange rate of the Yemeni rial in April, and a slight increase in basic commodity prices was recorded in the Yemeni governorates.
Yemen economic indicators report for April 2019 that issued by Studies & Economic Media Center , stated that the CBY-Aden package of monetary policies and regulations curtailed black market currency speculations, but other factors contributed to the increase rather than decrease of commodity prices.
The report added that These factors include government divisions which resulted in conflicting management of economic affairs. A prominent example is failure to enforce CBY monetary policy decisions in Houthi-controlled northern and western governorates which constitute the hub of Yemeni economy, especially after CBY-Sana’a banned commercial banks’ opening of documentary credits or transferring funds to CBY-Aden for purposes of importing basic commodities. This explains the decline in the Yemeni riyal during May.
The report included a set of basic indicators of basic goods and fuel prices, and YR exchange rate developments, in addition to key economic and private sector developments in April 2019.
SEMC is one of the most prominent Yemeni NGOs that works on, and spreads awareness of economic issues, in addition to buttressing good governance and public engagement in decision making, and working towards the creation of professional mediaClick to Download the Full Report