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The rial ( Arabic: ريال يمني; sign: ﷼; abbreviation: YRl (singular) and YRls (plural) in Latin, [2] ,ر.ي in Arabic; ISO code: YER) is the official currency of the Republic of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification.
As a result of civil war, Yemen is suffering from inflation and devaluation of Yemeni rial, and Yemen's economy contracted by 50% from the start of the civil war on 19 March 2015 to October 2018. [24] [25] [26]
1 day ago · Yemen, an arid and mostly mountainous country situated at the southwestern corner of the Arabian Peninsula. This article provides a geographical and historical treatment of Yemen, including maps, statistics, and a survey of its people, economy, and government.
The value of rial against the United States dollar has dropped significantly compared to 12.01 rials per dollar in early 1990s. Since the mid-1990s the Yemeni rial has been freely convertible. Though it has dropped from YER 20 to approximately YER 215 against the U.S. dollar since then, the rial has been stable for several years.
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The rial ( Arabic: ريال يمني; sign: ﷼; abbreviation: YRl (singular) and YRls (plural) in Latin, ,ر.ي in Arabic; ISO code: YER) is the official currency of the Republic of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification.
Historically, the Yemeni Rial reached an all time high of 251.00 in September of 2017. The Yemeni Rial is expected to trade at 250.05 by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
