Yemeni Rial - YER

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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.

BREAKING DOWN '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.

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