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Yemeni dinar

From Wikipedia, the free encyclopedia
(Redirected fromSouth Arabian dinar)
Former currency of Yemen
Yemeni dinar
الدينار اليمني
Dinar
Ten dinar banknote
ISO 4217
CodeYDD
Unit
PluralDinars
Symbol£
Denominations
Subunit
11000fils
Banknotes500 fils, £1, £5, £10
Coins2+12, 5, 10, 50, 100, 250 fils
Demographics
ReplacedEast African shilling
Replaced byYemeni rial
User(s)South Arabia
(since 1965)
South Yemen
Yemen
(until 11 June 1996)
Issuance
Central bankBank of Yemen
This infobox shows the latest status before this currency was rendered obsolete.

Thedinar (Arabic:دينار; sign:£) was the currency ofSouth Arabia, and thenSouth Yemen, and theRepublic of Yemen after Yemen's monetary unification on 1 July 1990. Alongside theNorth Yemeni rial, it was one of the two official currencies used in Yemen until 11 June 1996. It was subdivided into 1000fils (فلس).

History

[edit]

The dinar was introduced in 1965 as the South Arabian dinar, replacing theEast African shilling at a rate of 1 dinar = 20 shillings, thus setting the dinar initially equal to onepoundsterling, it also used thepound sign as its Latin script symbol. It was renamed to thedinar after the independence of thePeople's Democratic Republic of Yemen (South Yemen) in 1967. The dinar was replaced with theYemeni rial followingunification with theYemen Arab Republic (North Yemen) in 1990. Dinar banknotes remained legal tender during a transitional period until 1996. The exchange rate during that period was 26 rials to one dinar.[citation needed]

For a wider history surrounding currency in the region, seeBritish currency in the Middle East.

Coins

[edit]

In 1965, coins (dated 1964) were introduced for both theFederation of South Arabia and theProtectorate of 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.[citation needed]

In 1971, coins were issued in the name of "Democratic Yemen", changing to the "People's Democratic Republic of Yemen" in 1973. That year, aluminium2+12 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 wasoctagonal.[citation needed]

ImageValuedate
ObverseReverse
10 fils1981
50 fils1964
50 fils1979
100 fils1981
250 fils1981

Banknotes

[edit]

On 1 April 1965, the South Arabian Currency Authority introduced notes in denominations of 250 fils, 500 fils, 1 dinar, and 5 dinars. A 10 dinar note was issued on 1 July 1967.[1]

ImageValueMain ColourDescriptionDate of
ObverseReverseObverseReversePrintingIssue
250 filsBrownDhow boat with Port of Aden in backgroundDate Palm tree
500 filsGreenDhow boat with Port of Aden in backgroundDate palm, wheat
1 dinarBlueDhow boat with Port of Aden in background

Lettering:

South Arabian Currency Authority

This note is legal tender for

One Dinar

Date palm and cotton

Lettering:

£1

د١

5 dinarsPinkDhow boat with Port of Aden in backgroundDate palm, millet and cotton
10 dinarsBlackDhow boat with Port of Aden in background

Lettering:

South Arabian Currency Authority

This note is legal tender for

Ten Dinars

Date palm, cotton, maize and wheat

Lettering:

£10

د١٠

In 1984, the Bank of Yemen introduced 500 fils as well as 1 dinar, 5 dinar, 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).[2]

ImageValueMain ColourDescriptionDate of
ObverseReverseObverseReversePrintingIssue
500 fils
1 dinar
5 dinars
10 dinars
Preceded by:
East African shilling
Ratio: 1 dinar = 20 shillings = 1British pound
Currency ofSouth Yemen
1965 – 1990
Succeeded by:
Yemeni rial
Reason: unification withNorth Yemen to formYemen
Ratio: 1 dinar = 26 rials

References

[edit]
  1. ^Linzmayer, Owen (2012). "South Arabia".The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
  2. ^Linzmayer, Owen (2012). "Democratic Republic of Yemen".The Banknote Book. San Francisco, CA: www.BanknoteNews.com.

External links

[edit]
Currencies nameddinar or similar
Circulating
Obsolete
As subunit
See also
Retrieved from "https://en.wikipedia.org/w/index.php?title=Yemeni_dinar&oldid=1304172833"
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