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Yemeni rial
From Wikipedia, the free encyclopedia
| Yemeni rial ريال يمني (Arabic) |
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| ISO 4217 Code | YER | ||
|---|---|---|---|
| User(s) | Yemen | ||
| Inflation | 14.8% | ||
| 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.
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 transitionary period. In 1991, the dinar was withdrawn from circulation, with 26 rials exchanged for one dinar. In 1993, the first coins were issued for the Republic of Yemen.
Coins are available in 1, 5, 10 and 20 rials. Banknotes in use are 50, 100, 200, 500 and 1000 rials. The central bank of Yemen issues the coins and banknotes.
The value of rial against the United States dollar has dropped significantly compared to 4 rials per dollar in 1990.
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| Preceded by: South Yemeni dinar Location: South Yemen Ratio: 1 dinar= 26 rials Note: use of rial started in 1990, dinar was withdrawn 1991 |
Currency of Yemen 1990 – |
Succeeded by: Current |
| Preceded by: North Yemeni rial Location: North Yemen Ratio: at par |
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