7 votes One country, two monetary systems Posted May 21 by skybrian Tags: money, yemen http://jpkoning.blogspot.com/2020/05/one-country-two-monetary-systems.html Link information This data is scraped automatically and may be incorrect. Authors JP Koning Word count 1476 words 2 comments Collapse replies Expand all Comments sorted by most votes newest first order posted relevance OK skybrian (OP) May 21 Link From the article: From the article: One of the convenient features of banknotes is their fungibility. This means that one banknote is perfectly interchangeable with another. For a few months now, something strange has happened to Yemen's banknotes. Old rials and new rials have ceased to be fungible. Any rial note that was printed prior to 2016 is now worth around 10% more than newer rial notes. More generally, the entire Yemeni monetary system has split on the basis of banknote age. From a Western perspective, it would be as if every single U.S. banknote issued with a Steve Mnuchin signature on it, the current Treasury Secretary, were worth 10% less than bills signed five years ago by his predecessor Jack Lew. Conflicts are always complicated. What follows is a short but drastically simplified explanation of how Yemen's banknote problem began 3 votes Tardigrade May 22 Link Really interesting article. I wonder if the rebels chose to print new versions of the northern banknote who they could go to, there can't be too many banknote printers and even less who will... Really interesting article. I wonder if the rebels chose to print new versions of the northern banknote who they could go to, there can't be too many banknote printers and even less who will service them.