The spelling of "Yemeni fils," the currency used in Yemen, is represented by the International Phonetic Alphabet as /ˈjɛməni fiːls/. The term "fils" originates from the French language and translates into "cents" in English. The Yemeni rial is divided into 100 fils, hence why the term "fils" is used. Correct spelling is essential when dealing with foreign currency, as it can impact financial transactions and calculations. Therefore, understanding the IPA phonetic transcription can assist with this process.
Yemeni fils refers to the former currency unit of Yemen, the Republic of Yemeni. Introduced in 1990, following the unification of North Yemen and South Yemen, the Yemeni fils served as the subunit of the Yemeni rial, with 100 fils equal to 1 rial. The term fils is of Arabic origin, which means a small unit or fraction.
The Yemeni fils were represented by coins in denominations of 5, 10, 25, 50, and 100 fils. These coins featured various designs and motifs reflecting Yemeni culture, history, or landmarks. However, the value of these coins began to diminish over time due to inflation, rendering them practically worthless.
In 1996, the Yemeni government decided to phase out the Yemeni fils and introduced a new coinage system consisting of 1 rial and 5, 10, 20, and 50 rials. Consequently, the fils lost its legal tender status and ceased circulation.
Despite its current disuse, the term Yemeni fils remains relevant in the historical context of Yemen's currency. It serves as a reminder of a bygone era when Yemen used a fractional currency system, with the fils representing a fraction of the rial. Today, the Yemeni rial is the sole official currency of Yemen, with 1 rial divided into 100 fils.
The term "Yemeni fils" does not have an established etymology as it seems to be a combination of words referring to Yemeni currency. "Yemeni" refers to the country Yemen, located in the Arabian Peninsula, while "fils" typically refers to a currency unit, used in some Arab countries.