North Yemeni Rial - Banknotes

Banknotes

In 1964, the government introduced North Yemen's first paper money, 1, 5, and 10 rial notes. These were followed by 10 and 20 buqsha in 1966, revised 1, 5, and 10 rial notes in 1969, and 20 and 50 rial notes on 13 May 1971. The Central Bank of Yemen was established on 27 July 1971, with its headquarters in Sana’a, the capital of the Arab Republic of Yemen. The Central Bank of Yemen absorbed the functions of the Yemen Currency Board. When the Arab Republic of Yemen (“North Yemen”) and the Democratic Republic of Yemen (“South Yemen”) united on 22 May 1990 to form the Republic of Yemen, the north’s Central Bank of Yemen merged with the south’s Bank of Yemen, and the joint venture continued to use the name Central Bank of Yemen.