South Yemeni Dinar - History

History

The dinar was introduced in 1965 as the South Arabian Dinar, replacing the East African shilling at a rate of 1 dinar = 20 shillings, thus setting the dinar initially equal to the British pound. It was renamed the South Yemini dinar after the Aden Protectorate became independent in 1967 as the South Yemen. The South Yemeni dinar was replaced by the rial following unification with North Yemen. The exchange rate was 1 dinar = 26 rial. Dinar banknotes remained legal tender until 1996.

For a wider history surrounding currency in the region, see The History of British Currency in the Middle East.

Read more about this topic:  South Yemeni Dinar

Famous quotes containing the word history:

    Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.
    John Dos Passos (1896–1970)

    Revolutions are the periods of history when individuals count most.
    Norman Mailer (b. 1923)

    Look through the whole history of countries professing the Romish religion, and you will uniformly find the leaven of this besetting and accursed principle of action—that the end will sanction any means.
    Samuel Taylor Coleridge (1772–1834)