Yemeni Rial - History

History

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 transitional period, with 1 dinar exchanged for 26 rials. On 11 June 1996, the dinar was withdrawn from circulation. In 1993, the first coins were issued for the Republic of Yemen. The value of rial against the United States dollar has dropped significantly compared to 12.01 rials per dollar in early 1990s.

Read more about this topic:  Yemeni Rial

Famous quotes containing the word history:

    The History of the world is not the theatre of happiness. Periods of happiness are blank pages in it, for they are periods of harmony—periods when the antithesis is in abeyance.
    Georg Wilhelm Friedrich Hegel (1770–1831)

    The history of every country begins in the heart of a man or a woman.
    Willa Cather (1876–1947)