Yemen

Cash Consortium of Yemen (CCY) - Remittances Tracker (September 2020)

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Introduction

Remittances are cash transfers sent by migrants, usually to family members in their country of origin. International remittances can also make up part of the regular income of some people, for example, those who perform cross-border work, such as seasonal workers who tend crops in neighboring countries. According to UNDESA, migrants send an average of 15% of their earnings back home. Remittances often represent up to 60% of family income. Due to the downturn in the global economy from the COVID 19 pandemic, Yemeni workers abroad may have had difficulty securing work and sending money home, thus impacting the purchasing power of local households.

The Remittance Tracker is a short survey completed monthly and encompasses the effects of the COVID 19 pandemic on remittances throughout the assessed area. The question center around the impact of COVID 19 and the change in remittances over the previous two weeks.

The September data is composed of in-person interviews where strict confidentiality was enforced. A total number of 29 interviews were conducted across 6 governorates and 11 districts.

Key findings:

  • All exchange shops that stated a change in remittances due to COVID 19 indicated that there was a decrease

  • However, in the past two weeks some exchange shops have indicated an increase in remittances

  • Exchange shops in Aden and Taizz reported no changes in remittances in the past two weeks

  • Travel to and from Yemen is still restricted due to COVID 19 protocols

  • More exchange shops have indicated an increase in remittances over the last two week time period

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