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The rial ( Arabic: ريال يمني; sign: ﷼; abbreviation: YRl (singular) and YRls (plural) in Latin, [2] ,ر.ي in Arabic; ISO code: YER) is the official currency of the Republic of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification.
This is a chart of trend of gross domestic product of Yemen (since unification) at market prices estimated by the International Monetary Fund with figures in millions of Yemeni Rials.
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A COVID-19 related global and regional economic slowdown may affect Yemen through reduced remittances from the GCC. Yemen continues to face significant risks of renewed macroeconomic volatility. Without stable sources of foreign exchange, the Yemeni rial is vulnerable to downward pressures.
Aug 5, 2021 · The Yemeni rial has plummeted in value and basic commodity prices have shot upwards, with Yemenis’ loss of livelihoods and purchasing power in turn being the primary driver of the country’s humanitarian crisis.
Preliminary estimates suggest that the Yemen economy shrunk by 8.5% in 2020. Non-oil economic activity was affected by the COVID-19-induced slowdown in trade, dual taxation systems in the north and south, scarcity of inputs, and commodity price hikes.
Nov 20, 2020 · Yemen is in “imminent danger of the worst famine the world has seen for decades”, the UN chief warned in a statement released on Friday, calling for urgent action on the part of the international...
Nov 27, 2020 · In an unsuccessful attempt to force financial institutions to resume providing data for 2020, the CBY-Aden began leveling fines in June against banks and money exchange outlets, according to the Yemen Banks Association (YBA).
