South Yemeni dinar
|South Yemeni dinar|
|ISO 4217 code||YDD|
|Central bank||Bank of Yemen|
|Coins||2½, 5, 10, 50, 100, 250 fils|
|Banknotes||500 fils, 1, 5, 10 dinars|
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.
The dinar was introduced in 1965 as the South Arabian Dinar, replacing the East African shilling at a rate of 1 dinar = 20 shillings, thus setting the dinar initially equal to the British pound. It was renamed the South Yemeni dinar after the Aden Protectorate became independent in 1967 as the South Yemen. The South Yemeni 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.
For a wider history surrounding currency in the region, see The History of British Currency in the Middle East.
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.
On 1 April 1965, the South Arabian Currency Authority introduced notes in denominations of 250 and 500 fils, as well as 1 and 5 dinars. A 10-dinar note was issued on 1 July 1967. In 1984, the Bank of Yemen introduced 500 fils as well as 1, 5 and 10 dinar notes that are like the preceding issues of South Arabia, except the English text and printer’s imprint have been removed from the front, the name of the issuer has changed and now appears on the back, along with the name of the capital (ADEN).
- 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.
East African shilling
Ratio: 1 dinar = 20 shillings = 1 British pound
|Currency of South Yemen
1965 – 1990
Reason: unification with North Yemen to form Yemen
Ratio: 1 dinar = 26 rials