Time Period: 1839-1965

Timeline

  • 1839-1937
  • Usage of Indian currency without separate legislation while Aden was part of the Indian Bombay province. In Hadhramaut (Aden Protectorates) the Maria Theresa Thaler was used at a rate of 2⅜ Indian Rupees.
  • 26.09.1936
  • British law [Aden Colony Order] on the creation of the Colony and Protectorate of Aden, without reference to currency which therefore remained Indian for the colony; effective 01.04.1937
  • ??.??.1951
  • Ordinance [Coinage and Currency, No. 11] on the extension of the jurisdiction of the East African Currency Board to Aden and the Aden Protectorates and introduction of the East African common currency replacing the Indian Rupee; effective 01.10.1951:
    - 31.12.1951 (?): Demonetization of the Indian currency at a rate of 1 Indian Rupee = 1.5 East African Shillings (and the Maria Theresa Thaler at a rate of 1 Thaler = 3.56 East African Shillings ?).


Time Period: 1965- (AH:1384- )

Currency: South Yemenite Dinar


Timeline

  • 13.10.1964
  • AH:07.06.1384
  • Law [Currency, No. 10] of the South Arabian Federation on the establishment of the "South Arabian Currency Authority" and the introduction of a national currency; effective upon constitution of the authority on 01.04.1965.
    - 15.08.1968: Name change into "Currency Authority of South Yemen"
    - 14.07.1971: Name change into "Currency Authority of the Democratic Yemen".
  • 01.04.1965
  • Start of currency exchange:
    - 01.04.1965: Start of issuance of the new banknotes and coins
    - ??.??.1965: Demonetization of the East African currency.
  • 25.08.1972
  • AH:16.07.1392
  • Law [Nr. 36] on the transformation of the currency authority into the Bank of Yemen; effective upon constitution of the bank on ??.??.1972.
    - 22.05.1990: Merger with the Central Bank of Yemen in the course of the unification.
  • 1990-1996
  • Unification of the North and South Yemenite currencies:
    - 19.02.1990: North Yemenite law on the unification
    - 04.05.1990: South Yemenite law on the unification
    - 04.05.1990: Central bank resolution on the exchange rate of the South Yemenite currency as 1 South Yemenite Dinar = 26 Yemenite Riyals
    - 01.07.1990 (AH:09.12.1410): Start of issuance of the new banknotes and coins<
    - 31.12.1994: Demonetization of the pre-unification currencies in former North and South Yemen (extended to 01.06.1996 in the South).

Valuation Regimes

  • 1965-1967
  • Fixed rate against British Pound
  • 1967-1990
  • Fixed rate against US Dollar

Rate Arrangements

  • 01.04.1965
  • Fixed
  • British Pound at 1 : 1
  • ±0.0%
  • 12.01.1972
  • Fixed
  • US Dollar at 2.606 : 1
  • +8.6%
  • 16.02.1973
  • Fixed
  • US Dollar at 2.895 : 1
  • +11.1%
  • 04.05.1990
  • Fixed
  • US Dollar at 2.165 : 1 - Yemenite Riyal at 26 : 1
  • -25.2%


End-year Forex Rates (Units per US Dollar)