|ريال يمني (Arabic)|
1000 Yemeni rial banknote
|Banknotes||50, 100, 200, 250, 500, 1000 rials|
|Coins||1, 5, 10, 20 rials|
|Central bank||Central Bank of Yemen|
In the 18th and 19th century, the riyal was traditionally associated with the Maria Theresa thaler, currency that was widely in use in Yemen owing to the Mocha coffee trade with the French, and a Yemeni request that its produce be paid with thalers.
As Yemen progressed, it developed its own legal currency. 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 On 11 June 1996, the dinar was withdrawn from circulation.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 dropped significantly compared to 12.01 rials per dollar in early 1990s. Since the mid-1990s the Yemeni rial has been freely convertible. Though it dropped from YER 20 to approximately YER 215 against the U.S. dollar since then, the rial has been stable for several years. However, since 2010 the Central Bank had to intervene several times, resulting in a serious decline of foreign reserves. By late 2013, the Economic Intelligence Unit expects reserves to decline to approximately 1.3 months of imports over the following years, despite information that Saudi Arabia would transfer $1 billion to the Yemeni Central Bank.
When Yemen unified, coins had been issued in North Yemen in denominations of 1, 5, 10, 25 and 50 fils and 1 rial. 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.
|1 rial||5 rials||10 rials|
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.
|Currently circulating banknotes (1994-2009)|
|Image||Value||Main Colour||Description||Date of|
|50 rials||Olive-green||Bronze statue of Ma'adkarib||Shibam city, Hadramaut||1994|
|100 rials||Purple||Ancient culverts, Aden||Sana'a||1993|
|200 rials||Green||Alabaster sculpture||Mukalla||1996|
|250 rials||Orange & blue||Al-Saleh mosque, Sana'a||Mukalla||2009||November 14, 2009|
|500 rials||Blue||Dar al-Hajar||Al-Muhtar mosque, Tarim||2007|
|1,000 rials||Green & yellow||Seiyun Palace, Hadhramaut||Bab al-Yaman gate, San'a||2009||August 2010, 2012|
|Current YER exchange rates|
|From Google Finance:||AUD CAD CHF EUR GBP HKD JPY USD INR CNY|
|From Yahoo! Finance:||AUD CAD CHF EUR GBP HKD JPY USD INR CNY|
|From XE:||AUD CAD CHF EUR GBP HKD JPY USD INR CNY|
|From OANDA:||AUD CAD CHF EUR GBP HKD JPY USD INR CNY|
|From fxtop.com:||AUD CAD CHF EUR GBP HKD JPY USD INR CNY|
- The World Factbook
- Ghalib bin Awadh al-Qu'aiti, The Maria Theresa Thaler in Hadhramaut: Some Reflections, The British-Yemeni Society
- BTI 2014- Yemen Country Report
- Ghalib bin Awadh al-Qu'aiti, The Maria Theresa Thaler in Hadhramaut: Some Reflections, pub. by: The British-Yemeni Society
- Yemen new 250‑rial note confirmed, BanknoteNews.com. Retrieved 2011-09-06.
- BanknoteNews.com Retrieved 2011-09-06.
- 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.
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
North Yemeni rial
Location: North Yemen
Ratio: at par
|This Yemen-related article is a stub. You can help Wikipedia by expanding it.|
|This article about a unit of currency is a stub. You can help Wikipedia by expanding it.|