Yemeni rial
| ريال يمني Template:Ar icon | |
|---|---|
 1000 Yemeni rial banknote | |
| ISO 4217 | |
| Code | YER (numeric: 886) |
| Subunit | 0.01 |
| Denominations | |
| Subunit | |
| 1/100 | fils |
| Banknotes | 50, 100, 200, 250, 500, 1000 rials |
| Coins | 1, 5, 10, 20 rials |
| Demographics | |
| User(s) |  Yemen |
| Issuance | |
| Central bank | Central Bank of Yemen |
| Website | www.centralbank.gov.ye |
| Valuation | |
| Inflation | 12.2% |
| Source | The World Factbook, 2010 est. |
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.
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 On 11 June 1996, the dinar was withdrawn from circulation.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.
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.
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. In addition, a 250 rial banknote was issued on November 14, 2009.[1][2]
| Currently circulating banknotes | |||||
|---|---|---|---|---|---|
| Image | Value | Main Colour | Description | ||
| Obverse | Reverse | Obverse | Reverse | ||
| File:50 YER obverse.jpg | File:50 YER reverse.jpg | 50 rials | Olive-green | Bronze statue of Ma'adkarib | Shibam city, Hadramaut |
| File:100 YER obverse.jpg | File:100 YER reverse.jpg | 100 rials | Purple | Ancient culverts, Aden | San'a |
| File:200 YER obverse.jpg | File:200 YER reverse.jpg | 200 rials | Green | Alabaster sculpture | Mukalla |
| 250 rials | Orange & blue | Al-Saleh mosque, Sana'a | Mukalla | ||
| File:500 YER obverse.JPG | File:500 YER reverse.JPG | 500 rials | Blue | Palace of the Rock | Al-Muhtar mosque, Tarim |
|
|
File:1000 YER reverse.jpg | 1,000 rials | Pink & green | Sultan's palace in Seiyun, Hadramaut | Bab Al-Yaman gate, San'a |
| Current YER exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD CNY |
| From Yahoo! Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD CNY |
| From XE.com: | AUD CAD CHF CNY EUR GBP HKD JPY USD CNY |
| From OANDA: | AUD CAD CHF CNY EUR GBP HKD JPY USD CNY |
See also
References
- Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
- 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.
- ^ Yemen new 250-rial note confirmed, BanknoteNews.com. Retrieved 2011-09-06.
- ^ [1], BanknoteNews.com. Retrieved 2011-09-06.
External links
| 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 |
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