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Cash Consortium of Yemen (CCY) - The Impact of Exchange Rates Volatility from Jan 2021 to Oct 2021

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Key Findings

  • The exchange rate in some IRG areas has exceeded 1500 YER in the early days of November, indicating an increase in depreciation and a decrease in overall purchasing power.

  • Key goods like petrol and diesel have been impacted by the unsettled exchange rate; with diesel prices staying consistent throughout the governorates, while petrol saw more erratic pricing.