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500 Rials

Issuer Central Bank of Yemen
Year 2017
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Size 151 × 80 mm
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Obverse description Central vignette presents an intaglio rendering of Al-Muhdhar mosque (Jami' al-Mihdhar) in Tarim, with its distinctive tall minaret rising above the mosque complex, captioned in Arabic below. The background is covered in fine multicolour guilloche underprint in teal and gold tones, with ornate geometric and floral window motifs flanking the central vignette. The issuer's name in Arabic appears at upper centre, the denomination in Arabic numerals and script at left, and a Governor's signature with Arabic title below the bank's legal authority inscription.
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Protection description mosque dome silhouette visible in the plain right margin; embedded security thread running vertically through the note.
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Comments

Yemen's currency situation after 2015 became administratively fractured in ways that make provenance genuinely complicated. The internationally recognized government, operating largely out of Aden and Riyadh, retained control of the Central Bank's formal relationships with foreign printers — Goznak among them. Houthi forces, holding Sana'a, controlled the original Central Bank premises and printing infrastructure. Both sides continued issuing notes under the same institutional name, creating parallel currency streams that circulated at divergent rates and were sometimes rejected outright depending on which territory a transaction occurred in.

Goznak has supplied security printing services to multiple Middle Eastern states since the Soviet period. P#39 sits within a print run ordered under those fractured conditions.

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