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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.
However, it comes as the Houthis have faced issues with having enough currency to support the economy in areas they hold — something signaled by their move to introduce a new coin into the ...
The country was one of the last to adopt a decimal currency system. In 1974 the rial was divided into 100 fils , although inflation caused the fils denominations to disappear from circulation. After the unification of Yemen , the Yemeni rial replaced the North Yemeni rial at par. Denominations issued by the Yemen Arab Republic ceased to be ...
Iranian backing of the Houthis has been reported by diplomatic correspondents of major news outlets, and has been the reported perspective of Yemeni governmental leaders militarily and politically opposing Houthi efforts (e.g., as of 2017, the UN-recognized, deposed Yemeni President Abd Rabbu Mansour Hadi, who referred to the "Houthi rebels ...
The value of Iran's currency, the Riyal, has also plunged, and inflation is running at 30%. ... "With Hamas and Hezbollah downgraded, and the Houthi movement in Yemen under pressure, it makes ...
The U.S. Treasury Department in a statement said it imposed sanctions on Yemen Kuwait Bank, accusing it of helping the Houthis exploit the Yemeni banking sector to launder money and transfer funds ...
Yemen's currency is the Yemeni riyal (YR), which was floated on the open market in July 1996. Periodic intervention by the Central Bank of Yemen has enabled the riyal to gradually depreciate approximately 4 percent per year since 1999.
The Houthis, who control much of western Yemen, including the capital city of Sana’a, have been waging war against Yemen’s internationally recognized government and a Saudi-led coalition since ...