A practical currency and money guide to travel, living and doing business in Yemen and the Yemeni rial (YER).
What's in this Yemen currency guide:
The official currency of Yemen (country code: YE) is the Yemeni rial, with symbol ﷼ and currency code YER.
Here are some things you might want to know about the Yemeni rial:
Today, travellers do not have the privilege of visiting, as the country is in crisis, with civil war taking a desperate toll on most of the population. Needless to say, it is not safe to travel there. Yemen is a difficult country to get around, but the rewards for the persevering visitor are an unforgettable experience, populated with very friendly and open hosts. Despite being adjacent to Saudi Arabia and on the same peninsula as the United Arab Emirates, Yemen is definitely a place apart. However, the country is embroiled in civil war and the situation on the ground continues to deteriorate.
The impressive grand mosques that grace each Peninsula capital city are often open to non-Muslims. A mosque tour can be inspirational in terms of cultural insights.
Gay and Lesbian visitors are unlikely to encounter outright prejudice or harassment so long as they remain discreet. However, this may well change if you become involved with a local. Room sharing is generally not a problem (it will be assumed you're economising). The public consumption of alcohol is punishable under Islamic law in Yemen. Tap water should be avoided. To stay safe, it is recommended to stick to the bottled variety.
ATMs are rare in Yemen, if you want to find one you will want to look in the large cities as you there are almost none outside of them.
Here we list some key points for expats and businesses to consider when managing financial dealings in Yemen:
Understand Yemeni rial currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the YER exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Yemeni rial bank account: A local YER bank account can make it easier for you to manage your finances and pay bills while you are in Yemen. It may also be more convenient to use a local YER bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Yemen. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Yemen. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Yemen, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
The exchange rate of Yemeni rial (YER), or the amount of YER that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/YER rate plus recent trend, chart, and historic rates.
15 Mar 2023
|0% ▼||2 Week|
29 Dec 2022
|0% ▲||3 Month|
29 Mar 2022
|0% ▲||1 Year|
30 Mar 2018
|no change||5 Year|
31 Mar 2013
|16.5% ▲||10 Year|
03 Apr 2003
|36.5% ▲||20 Year|
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Yemen or planning a trip or maybe living there, so will need to exchange and spend Yemeni rial.
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It is important to note that the exchange rate of the Yemeni rial can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect YER exchange rates before making any financial decisions.