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South Yemeni dinar |
| South Yemeni dinar | |
| ISO 4217 Code | YDD |
|---|---|
| User(s) |  South Yemen |
| Subunit | |
| 1/1000 | fils |
| Coins | 2½, 5, 10, 50, 100, 250 fils |
| Banknotes | 500 fils, 1, 5, 10 dinar |
| Central bank | Bank of Yemen |
| This infobox shows the latest status before this currency was rendered obsolete. | |
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.
Contents |
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.
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.
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.
| Preceded by: East African shilling Ratio: 1 dinar = 20 shillings = 1 British pound |
Currency of South Yemen 1965 – 1990 |
Succeeded by: Yemeni rial Reason: unification with North Yemen to form Yemen Ratio: 1 dinar = 26 rials |
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