Yemeni Rial in Venezuelan Bolívar

YER Yemeni Rial

Country of application:
Yemen

Coin denominations in circulation:
1, 5, 10, 20 riyals.

Denominations of banknotes in circulation:
50, 100, 200, 250, 500, 1000 rials.

History reference:
The Yemeni rial (YER) is the national currency (money) of the Republic of Yemen, in circulation since 1990 (unification of North and South Yemen into one country). After the unification of the Arab R...epublic of Yemen and the Peoples Democratic Republic of Yemen in 1990, both the North Yemeni rial and the South Yemeni dinar remained in circulation throughout the country, equated at a ratio of 26 dinars to 1 rial, and in 1993 the first new coins were issued . In 1996, the dinar was withdrawn from circulation, and the rial became the countrys only currency, and the old banknotes were gradually replaced with new ones. In 1996, the dinar was withdrawn from circulation, and the rial banknotes were updated. At present, Yemens fiat currency, the fils, has a purely formal status

VEF Venezuelan Bolívar

Country of application:
Venezuela

Coin denominations in circulation:
500, 100, 50, 25, 5, 2 and 1 bolivar, 50, 25, 10, 5 centimos.

Denominations of banknotes in circulation:
50,000, 20,000, 10,000, 5000, 2000, 1000, 500, 100, 50, 20, 10 and 5 bolivars.

History reference:
Bolivar is first a minor (in 1871-1879), and then the main (from 1879 to 2018) monetary unit of Venezuela. Bolívar is named after Latin American independence hero Simón Bolívar. The bolívar was p...assed under the Monetary Law of 1879, replacing the short-lived Venezolano at a rate of five bolívares to one Venezolano. The bolivar was originally defined by a silver standard, equal to 4.5 grams of pure silver, following the principles of the Latin Monetary Union. The monetary law of 1887 made the gold bolivar unrestricted legal tender, and the gold standard came into full force in 1910. Venezuela abandoned gold in 1930, and in 1934 the exchange rate of the bolivar was fixed in US dollars at a rate of 3.914 bolivars = US$1, valued at 3.18 bolivars = US$1 in 1937, a rate that lasted until 1941 Until February 18, 1983 (now called Black Friday (Viernes Negro) by many Venezuelans), the Bolívar was the most stable and internationally recognized currency in the region. It then fell victim to a massive devaluation.