Republic of Yemen
This is a 200 rials note reportedly issued on 16.07.2025 by the Houthi group which currently occupied a large part of the land, mainly situated in the western side of Yemen bordering the Red sea.
In the modern history of Yemen, the country was once split into two, called Yemen Arab Republic (north-west part of Yemen), and South Yemen with their capital as Aden. On 22.05.1990, these two countries merged into one and called itself the Republic of Yemen. Civil war broke out in September 2014, where the Houthi group seized control of the city of Sana'a and a large part of western Yemen. The rest of the country is occupied by the President Leadership Council (PLC), which is also called The Cabinet of Yemen or Yemeni Government. To the western world, the PLC is the legit government and the Houthi group is not.
Since the Houthi group occupied a large part of western Yemen, this is the first time a banknote has been issued under the banner of the Central Bank of Yemen. It should be noted that the Central Bank of Yemen is the central bank of Yemen and it's head office is based in the capital city, Aden, not occupied by the Houthi group. Obviously, this 200 rials is not recognised by the PLC government and deem it as illegal for anyone processing this note.
Front - The image of the Al-janad Mosque in Taiz. This mosque was built in the 7th century. It should be noted that the city of Taiz is not under the control of the Houthi group. There is a security feature added to this note and I do not believe I have seen this before. If you hold up the note against the light, between the mosque and the watermark area (where the vertical red line is), you can see the Arabic numeral of ٢٠٠ (200) featuring vertically. This feature is created in the form of tiny pinholes like (perforated). It appears that these tiny see-through pinholes can only be viewed if the note is held up against a strong light. I only noticed this feature when I was checking out the watermark of this note.
Signature - Hashem Ismail Ali Ahmad Al-Madani
Watermark - Coat of Arms
Sizes - 156mm x 76mm
Back - An aerial view of the Al Ma'alla port in Aden with cargo ships docking at the port. It is strange that both the main images depicted on the note both front and back are not controlled by the Houthi group. Is this done on purpose?


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