South Yemeni dinar
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| South Yemeni dinar | |
| ISO 4217 Code | YDD |
|---|---|
| User(s) |  South Yemen |
| Subunit | |
| 1/1000 | fils |
| Coins | 2½, 5, 10, 50, 100, 250 fils |
| Banknotes | 500 fils, 1, 5, 10 dinar |
| Central bank | Bank of Yemen |
| This infobox shows the latest status before this currency was rendered obsolete. | |
The dinar (Arabic: دينار) was the currency of South Arabia and then South Yemen between 1965 and 1990. It was subdivided into 1000 fils (فلس). After Yemen's monetary unification on 1 July 1990, it was one of the two official currencies used in Yemen Republic until 11 June 1996.
Contents |
[edit] History
The dinar was introduced in 1965, replacing the East African shilling at a rate of 1 dinar = 20 shillings, thus setting the dinar initially equal to the British pound. The dinar was replaced by the rial following unification with North Yemen. The exchange rate was 1 dinar = 26 rial. Dinar banknotes remained legal tender until 1996.
[edit] Coins
In 1965, coins (dated 1964) were introduced for South Arabia in denominations of 1, 5, 25 and 50 fils. The 1 fils was struck in aluminium, the 5 fils in bronze and the higher two denominations in cupro-nickel. In 1971, coins were issued in the name of "Democratic Yemen", changing to the "People's democratic Republic of Yemen" in 1973. That year, aluminium 2½ fils were introduced, followed by aluminium 10 fils and cupro-nickel 100 and 250 fils in 1981. The 10 fils was scalloped shaped whilst the 100 fils was octagonal.
[edit] Banknotes
In 1965, the South Arabian Currency Authority introduced notes in denominations of 250 and 500 fils, 1, 5 and 10 dinar. In 1984, the Bank of Yemen introduced its first notes, for 500 fils, 1, 5 and 10 dinar.
[edit] References
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9.
[edit] External links
- Don's World Coin Gallery - South Yemen
- Ron Wise's World Paper Money - South Yemen Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Asia Mirror site
- The Global History of Currencies - Yemen
- Global Financial Data currency histories table (
Microsoft Excel format) - Article on the banknotes of South Yemen
| Preceded by: East African shilling Ratio: 1 dinar = 20 shillings = 1 British pound |
Currency of South Yemen 1965 – 1990 |
Succeeded by: Yemeni rial Reason: unification with North Yemen to form Yemen Ratio: 1 dinar = 26 rials |
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