The Dinar of South Yemen ( Arabic دينار ) is the national currency of the Federation of South Arabia and the People’s Democratic Republic of Yemen , equal to 1000 Fils. Was in circulation from 1965 to 1996 . After the unification of North and South Yemen, it was one of the national currencies until 1996, having circulation along with the North Yemeni rial (after the country's unification - the Yemeni riyal ).
| Yemeni Dinar (rus.) | |||
|---|---|---|---|
دينار يمني (are.) | |||
| |||
| Cheats and symbols | |||
| ISO 4217 codes | YDD (720) | ||
| Characters | YD | ||
| Territory of appeal | |||
| Issuing country |  Federation of South Arabia NDR Yemen | ||
| Derivative and parallel units | |||
| Fractional | Phils ( 1 ⁄ 1000 ) | ||
| Coins and Banknotes | |||
| Coins | 2 ½, 5, 10, 50, 100, 250 fils | ||
| Banknotes | 500 fils, 1, 5, 10 dinars | ||
| Story | |||
| Is entered | April 1965 | ||
| Chronicle | South Arabian Dinar (1965—1968) South Yemeni Dinar (1968-1972) Yemeni Dinar (YDD • 1972–1996) | ||
| Withdrawn | 1996 | ||
| Successor currency | Yemen Riyal (YER) | ||
| Issuance and production of coins and banknotes | |||
| Issuing center (regulator) | South Yemen Monetary Authority Bank of Yemen | ||
 Wikimedia Commons | |||
Content
History
Until 1951, the Indian rupee and the East African shilling were traded in the British colony of Aden. In 1951, the East African shilling was declared the only legal tender in Aden.
In 1959, the Federation of Arab Emirates of the South was formed, transformed in 1962 into the Federation of South Arabia . Aden joined the federation in 1963. In April 1965, the South Arabian Dinar was issued, which was issued by the Monetary Authority of South Arabia. The East African shillings were exchanged for dinars before July 1, 1965 in the ratio: 20 shillings = 1 dinar. The dinar was likened to a pound sterling .
After the proclamation of the People’s Republic of South Yemen in 1967 (renamed the Democratic People’s Republic of Yemen in 1970), the Monetary Authority of South Arabia continued to perform emission functions, but the law of August 27, 1968 renamed the South Yemen dinar and established its gold content in 2,13281 g, valid until April 1978. Banknotes continued to be issued the same type, in 1971 a new coin of 5 fils was issued.
In 1972, the Bank of Yemen was established, to which emission functions were transferred. The dinar was renamed again, receiving the name "Yemeni Dinar". In 1973, new coins were issued in 2 1 ⁄ 2 and 5 fils, later coins of other denominations were issued. The issuance of bank notes of the Bank of Yemen began in 1984 [1] .
After the unification of the Yemen Arab Republic and the Democratic People’s Republic of Yemen in 1990, both the riyal of North Yemen and the ninja dinary equal to 26 dinars per 1 rial remained in circulation throughout the country. In 1993, the release of new banknotes of the united Yemen began, and in 1996, the dinar was withdrawn from circulation and the Yemeni rial became the country's only currency.
Banknotes and coins
Banknotes were issued:
- South Arabian Monetary Authority: 250, 500 fils, 1, 5, 10 dinars;
- Bank of Yemen: 500 fils, 1, 5, 10 dinars [2] .
Minted coins:
- Southern Arabia (with the date 1964): 1, 5, 25, 50 Fils [3] ;
- People's Democratic Republic: 2 1 ⁄ 2 , 5, 10, 25, 50, 100, 250 fils, as well as commemorative coins of precious metals in 2, 5 and 50 dinars [4] .
Notes
- ↑ Butakov, 1987 , p. 176-177.
- ↑ Cuhaj 1961-, 2011 , pp. 1079-1080.
- ↑ Cuhaj 1901-2000, 2011 , pp. 1955.
- ↑ Cuhaj 1901-2000, 2011 , pp. 2275-2276.
Literature
- Butakov D.D., Zolotarenko E.D., Rybalko G.P. Currencies of the World: A Handbook, Ed. S.M. Borisova, G.P. Rybalko, O.V. Mozhaiskova. - 5th ed., Pererab. and add. - M .: Finance and Statistics, 1987. - 383 p.
- Cuhaj GS Standard Catalog of World Paper Money. General Issues 1961 — Present. - 17th ed. - Iola: Krause Publications, 2011. - 1112 p. - ISBN 978-1-4402-1584-1 .
- Cuhaj G., Michael T., Miller H. Standard Catalog of World Coins 1901-2000. - 39th ed. - Iola: Krause Publications, 2011. - 2345 p. - ISBN 978-1-4402-1172-8 .