Yemeni rial
From Wikipedia, the free encyclopedia
| Yemeni rial ريال يمني (Arabic) |
|||
|
|||
| ISO 4217 Code | YER | ||
|---|---|---|---|
| User(s) |  Yemen |
||
| Inflation | 20.8% | ||
| Source | The World Factbook, 2006 est. | ||
| Subunit | |||
| 1/100 | fils | ||
| Coins | 1, 5, 10, 20 rials | ||
| Banknotes | 50, 100, 200, 500, 1000 rials | ||
| Central bank | Central Bank of Yemen | ||
| Website | www.centralbank.gov.ye | ||
The rial or riyal is the currency of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification.
Contents |
[edit] History
After the union between the North (the Yemen Arab Republic) and the South (the People's Democratic Republic of Yemen) in 1990, both the northern rial and the southern dinar remained legal tender during a transitional period, with 1 dinar exchanged for 26 rials. On 11 June 1996, the dinar was withdrawn from circulation. In 1993, the first coins were issued for the Republic of Yemen. The value of rial against the United States dollar has dropped significantly compared to 12.01 rials per dollar in early 1990s.
[edit] Coins
When Yemen unified, coins had been issued in North Yemen in denominations of 1, 5, 10, 25 and 50 fils and 1 rial. However, the fils denominations have all disappeared from circulation. In 1993, new coins were introduced by the Central Bank of Yemen in denominations of 1 and 5 rials. These were followed by 10 rials coins in 1995 and 20 rials in 2004.
[edit] Banknotes
At the time of unification, Central Bank of Yemen notes in circulation were 1, 5, 10, 20, 50 and 100 rials. In 1993, the 1 and 5 rials notes were replaced by coins, with the same happening to the 10 rials notes in 1995. In 1996, 200 rials notes were introduced, followed by 500 rials in 1997 and 1000 rials in 1998. The 20 rials notes were replaced by coins in 2004.
| Use Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD CNY |
| Use XE.com: | AUD CAD CHF EUR GBP HKD JPY USD CNY |
| Use OANDA.com: | AUD CAD CHF EUR GBP HKD JPY USD CNY |
[edit] See also
[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 - Yemen
- Ron Wise's World Paper Money - Yemen Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Asia Mirror site
- The Global History of Currencies - Yemen
- Global Financial Data data series - Yemen Rial
- Global Financial Data currency histories table (
Microsoft Excel format)
| Preceded by: South Yemeni dinar Location: South Yemen Ratio: 1 dinar = 26 rials Note: use of rial started in 1990, dinar was withdrawn 1996 |
Currency of Yemen 1990 – |
Succeeded by: Current |
| Preceded by: North Yemeni rial Location: North Yemen Ratio: at par |
|
|||||||||||||||||
 |
This Yemen-related article is a stub. You can help by expanding it. |
 This article about a unit of currency is a stub. You can help Wikipedia by expanding it. |
