South Yemeni dinar

Infobox Currency
currency_name_in_local =
image_1 =
image_title_1 =
iso_code = YDD
using_countries = flag|South Yemen
subunit_ratio_1 = 1/1000
subunit_name_1 = fils
used_coins = 2½, 5, 10, 50, 100, 250 fils
used_banknotes = 500 fils, 1, 5, 10 dinar
issuing_authority = Bank of Yemen
issuing_authority_website =
obsolete_notice = Y

The dinar (Arabic: دينار) was the currency of South Arabia and then South Yemen between 1965 and 1990. It was subdivided into 1000 "fils" (فلس). After Yemen's monetary unification on 1 July 1990, it was one of the two official currencies used in Yemen Republic until 11 June 1996.

History

The dinar was introduced in 1965, replacing the East African shilling at a rate of 1 dinar = 20 shillings, thus setting the dinar initially equal to the British pound. The 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.

Coins

In 1965, coins (dated 1964) were introduced for 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. In 1971, coins were issued in the name of "Democratic Yemen", changing to the "People's democratic Republic of Yemen" in 1973. That year, aluminium 2½ 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 was octagonal.

Banknotes

In 1965, the South Arabian Currency Authority introduced notes in denominations of 250 and 500 fils, 1, 5 and 10 dinar. In 1984, the Bank of Yemen introduced its first notes, for 500 fils, 1, 5 and 10 dinar.

References

*numis cite SCWC|date=1991
*numis cite SCWPM|date=1994

External links

Standard numismatics external links
world_coin_gallery_1_url = Yemen
world_coin_gallery_1_name = South Yemen
banknote_world_1_url = yemen_democratic_republic
banknote_world_1_name = South Yemen
dollarization_1_url = asia
dollarization_1_name = Asia
gfd_1_url = Yemen
gfd_1_name = Yemen
gfd_data_1_url =
gfd_data_1_name =
show_gfd_excel = Y
* [http://www.al-bab.com/yemen/soc/banknotes2.htm Article on the banknotes of South Yemen]