Saturday, 14 February 2015

MY COLLECTION - ALBUM NO 8 - WEST ASIA - UAE, REPUBLIC OF YEMEN & YEMEN ARAB REPUBLIC COINS








CHAPPIDI ABHIRATH REDDY,g
C/O COL GKS REDDY,


Secunderabad - 500 015.


UAE Currency



       The dirham (Arabic: درهم‎) (sign: د.إ; code: AED) is the currency of the United Arab Emirates. The ISO 4217 code (currency abbreviation) for the United Arab Emirates dirham is AED. Unofficial abbreviations include DH or Dhs. The dirham is subdivided into 100 fils (فلس).



History


          The name Dirham derives from the Greek word Drachmae, literally meaning "handful", through Latin. Due to centuries of old trade and usage of the currency, dirham survived through the Ottoman regime.

         The United Arab Emirates dirham was introduced 19 May 1973. It replaced the Qatar and Dubai riyal at par. The Qatar and Dubai riyal had circulated since 1966 in all of the emirates except Abu Dhabi, where the dirham replaced the Bahraini dinar at 1 dirham = 0.1 dinar. Before 1966, all the emirates that were to form the UAE used the Gulf rupee. As in Qatar, the emirates briefly adopted the Saudi riyal during the transition from the Gulf rupee to the Qatar and Dubai riyal.


My Collection of UAE Coins






Five Fils – UAE - Copper - 1996






Ten Fils – UAE - Large - Copper - 1973






Ten Fils – UAE - Small – Copper - 1996






25 Fils  - UAE - Steel - 1995






50 Fils – UAE - Large – Nickel - 1989






50 Fils – UAE - Small – Septagonal – Steel - 1995






One Dirham – UAE - Large – Nickel - 1989






One Dirham – UAE - Small – Nickel - 1995






One Dirham – UAE - small – Steel - 2005



Yemen Currency.


          The rial or riyal is the currency of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification.


History


        After the union between the North (the Yemen Arab Republic) and the South (the People's Democratic Republic of Yemen) in 1990, both the northern rial and the southern dinar remained legal tender during a transitional period, with 1 dinar exchanged for 26 rials. On 11 June 1996, the dinar was withdrawn from circulation. In 1993, the first coins were issued for the Republic of Yemen. 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. However, since 2010 the Central Bank had to intervene several times, resulting in a serious decline of foreign reserves. By late 2013, the Economic Intelligence Unit expects reserves to decline to approximately 1.3 months of imports over the following years, despite information that Saudi Arabia would transfer $1 billion to the Yemeni Central Bank.


My Collection of Yemen Arab Republic Coins






Ten Fils – Yemen Arab Republic - Brass - 1974






25 Fils – Yemen Arab Republic - Cupro Nickel - 1974









Fifty Fils – Yemen Arab Republic - Cupro Nickel - 1985






One Riyal – Yemen Arab Republic - Cupro Nickel - 1978



My Collection of Republic of Yemwn Coins






Five Riyals – Republic of Yemen - Steel - 1993






Ten Riyals – Republic of Yemen - Steel - 1995






Twenty Riyals – Republic of Yemen - Steel - 2006











Note - Some of the images of coins in my collection, have been taken from the Gallery to the extent available, to save on time & effort involved in photography & editing.

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