The rial or riyal was the currency of North Yemen, first the Mutawakkilite Kingdom of Yemen, then the Yemen Arab Republic. It is the predecessor to the modern Yemeni rial.
| ريال يمني (Arabic) | |
|---|---|
 1 rial | |
| ISO 4217 | |
| Code | YER |
| Subunit | 0.01 |
| Denominations | |
| Subunit | |
| 1⁄100 | fils |
| Banknotes | 1, 5, 10, 20, 50, 100 rial |
| Coins | 1, 5, 10, 25, 50 fils, 1 rial |
| Demographics | |
| User(s) |  Kingdom of Yemen North Yemen Yemen |
| Issuance | |
| Central bank | Central Bank of Yemen |
| Website | www |
| This infobox shows the latest status before this currency was rendered obsolete. | |
History
editThe Mutawakkilite Kingdom began issuing coins around the turn of the 20th century. The rial was divided into 160 zalat, 80 halala or 40 buqsha. During the reign of Imam Yahya, the first rial coins were issued. Denominations were given on coins as a fraction of the rial, with the "honorific" Imadi appearing on the coins of Imam Yahya and Ahmadi on the coins of Imam Ahmad. Consequently, the currency is sometimes referred to as the "Imadi rial" or "Ahmadi rial".
A modern-style coinage was introduced into circulation in 1963, following the establishment of the Yemen Arab Republic. The country was one of the last to adopt a decimal currency system. In 1974 the rial was divided into 100 fils, although inflation caused the fils denominations to disappear from circulation.
After the unification of Yemen, the Yemeni rial replaced the North Yemeni rial at par. Denominations issued by the Yemen Arab Republic ceased to be legal tender afterward.
Coins
editIn the reign of Imam Yahya (1904-1948), bronze coins were issued for the 1 zalat, 1 halala and 1 buqsha denominations, and silver coins for the 1 buqsha, 1⁄20, 1⁄10, 1⁄8, 1⁄4 and 1 rial denominations. During the reign of Imam Yahya's successor, Imam Ahmad (1948-1962), the silver 1 buqsha and 1⁄20 rial were discontinued, and 1⁄16 and 1⁄2 rial coins were introduced. Unusually, the 1⁄16 and 1⁄8 rial coins were pentagonal.
Gold coins denominated in guineas were also minted, primarily for presentation purposes.
In 1962, the Arab Republic first issued bronze 1⁄2 and 1 buqsha, 1⁄20, 1⁄10, 2⁄10 and 1⁄4 rial in a similar style to those of the last king. These were followed in 1963 by a new coinage, consisting of aluminium-bronze 1⁄2, 1, and 2 buqsha and silver 5, 10 and 20 buqsha and 1 rial coins.
In 1974, decimalized coinage was introduced, consisting of aluminium 1 fils, brass 5 and 10 fils coins, and cupro-nickel 25 and 50 fils coins. Cupro-nickel 1 rial coins followed in 1976.
Banknotes
editIn 1964, the government introduced North Yemen's first paper money, which consisted of 1, 5, and 10 rial notes. These were followed by 10 and 20 buqsha notes 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 Yemen Arab Republic (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.[1]
| Denomination | Color | Front | Back | Issue Date | Size | Signature |
|---|---|---|---|---|---|---|
| 1964 - 1967 issues[1] | ||||||
| 1 Rial | Green | Coat of arms | al-Musa mosque in Sana'a | 08 Feb 1964 | 126 x 65 mm | Signed by Abdul Ghani Ali with two different titles: Minister of the Treasury (1964 issue) or Minister of the Treasury and Economy (1967 reissue) |
| 5 Rials | Red | Coat of arms | Statue of Lion of Timna | 14 Feb 1964 | 135 x 70 mm | |
| 10 Rials | Blue-grey | Coat of arms | Dam | 14 Feb 1964 | 146 x 75 mm | |
| 1966 - 1971 issues[1] | ||||||
| 10 Buqshas | Orange-brown | Statue of Lion of Timna | Dedication stone from Barran temple | 21 Feb 1966 | 126 x 65 mm | Signed by Ahmad al-Ruhumi as Minister of the Treasury. |
| 20 Buqshas | Green | Statue of a head | Ruins of Bara'an Temple | 21 Feb 1966 | 126 x 65 mm | |
| 1 Rial | Green | Statue of a head | al-Musa mosque in Sana'a | 08 Apr 1969 | 126 x 65 mm | Signed by Ahmad Abdu Said as Minister of the Treasury and Economy. |
| 5 Rials | Red | Lion head sculpture | Statue of Lion of Timna | 08 Apr 1969 | 136 x 70 mm | |
| 10 Rials | Blue-grey | al-Shadhili mosque | Dam | 08 Apr 1969 | 136 x 70 mm | |
| 20 Rials | Purple, blue, yellow, pink | Palace on the rock at Dar al-Hajar | Skyline of Sana'a | 13 May 1971 | 147 x 65 mm | |
| 50 Rials | Green, yellow, pink, blue | Crossed jambiyas | Coffee beans and mountain range | 13 May 1971 | 147 x 65 mm | |
Value
edit| Value | Obverse | Reverse |
|---|---|---|
| 1 rial |
|
|
Notes
edit- ^ a b c Linzmayer, Owen (27 January 2012). "Arab Republic of Yemen". The Banknote Book - Abyssinia - French Sudan. Vol. 1 (1st ed.). San Francisco, CA: Spink & Son#Publishing. p. 4. Archived from the original on 2018-10-03. Retrieved 2012-04-27.
References
edit- Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.
