Yemeni rial

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Yemeni rial
ريال يمني (Arabic)
1000 Yemeni rial banknote
1000 Yemeni rial banknote
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 In 1991, the dinar was withdrawn from circulation, with 26 rials exchanged for one dinar.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.

Current YER exchange rates
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[edit] References


Yemeni rial
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dinar was withdrawn 1991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