Yemeni Rial - YER

Filed Under:
Dictionary Says

Definition of 'Yemeni Rial - YER'


The official currency of the country of Yemen. The Yemeni Rial is divided into 100 fils, but the fil coins have not been issued since 1990 following Yemeni unification. However, beginning in 1993, the Central Bank of Yemen began introducing coins in one-, five-, 10- and 20-rial denominations.
Investopedia Says

Investopedia explains 'Yemeni Rial - YER'


Following Yemeni unification, both the currencies of the Yemen Arab Republic (northern rial) and the People's Democratic Republic of Yemen (southern dinar) remained in circulation as legal tender. However, in 1996 the dinar was officially taken out of circulation leaving the rial as the nation's legal currency.
comments powered by Disqus
Hot Definitions
  1. Closed-End Fund

    A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
  2. Payday Loan

    A type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post-dated personal check in the amount they wish to borrow plus a fee in exchange for cash.
  3. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  4. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
  5. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
  6. Private Equity

    Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
Trading Center