YER / NGN
Yemeni Rial / Nigerian Naira
5.6266
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-0.13%(-0.0071) 1D
Oct 9, 9:31:19 PM UTC
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Profile
The rial 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. Due to the ongoing political instability, the value of the Yemeni rial has fallen significantly.
The Yemeni civil war has caused the currency to diverge. In southern Yemen, which is primarily controlled by UAE-backed separatists and the
internationally recognized government backed by Saudi Arabia, ongoing printing has caused the currency's value to plummet. However, in northern Yemen, which is primarily controlled by the Houthis with support from Iran, banknotes printed after 2017 are not considered legal tender. Therefore, the exchange rate has remained stable. The differences in banknotes printed before and after 2017 can be determined by their size. Wikipedia