The UAE dirham is the official currency of the United Arab Emirates (UAE). The name ‘dirham’ is derived from the Greek currency, the drachma. One dirham is subdivided into 100 files. The UAE currency is issued by the Central Bank of the United Arab Emirates – but you can get yours for your trip from the Post Office.
What currency should I take to Dubai?
- The Dirham is the currency of Dubai and is pegged to the US Dollar at Dh 3.65 to $ 1. If you are a tourist or planning to live in Dubai, it is better to know about the Dubai currency since it is a necessity in shopping or making transactions in the city.
What is currency name of Dubai?
The UAE Dirham is the currency of the United Arab Emirates. It is sub-divided into 100 fils.
Why is Dubai so rich?
Its diverse economy makes Dubai one of the richest in the world. Unlike other states in the region, Dubai’s economy doesn’t rely on oil. The growth of its economy comes from business, transportation, tourism and finance. Free trade allowed Dubai to become a wealthy state.
What is Russian currency?
ruble, also spelled rouble, the monetary unit of Russia (and the former Soviet Union) and Belarus (spelled rubel).
What is the UAE currency symbol?
Dubai is not in India either. It is very much in the country of The United Arab Emirates which is in the Southeast of the Arabian Peninsula.
How much is a meal in Dubai?
How much does a meal cost in Dubai? The main dish in Dubai restaurants usually cost around 40 – 100 AED (10-25 EUR). Sandwiches and burgers cost 35 – 55 AED (9-14 EUR). Appetizers and desserts cost around 20-40 AED (5-10 EUR).
Is there poor in Dubai?
The UAE is one of the top ten richest countries in the world, and yet a large percentage of the population lives in poverty — an estimated 19.5 percent. Poverty in the UAE can be seen in the labor conditions of the working class. Migrants come to Dubai looking for work and send remittances back to their families.
Is Dubai safe?
General safety in Dubai There’s not much dispute that Dubai is quite safe for tourists. Dubai is heavily monitored, so violent crime directed at tourists is rare. Most tourist-directed crime in Dubai is likely to be petty stuff like pickpocketing, scams, or sexual harassment.
Is Dubai expensive to live?
According to the Mercer Cost of Living, Dubai is an expensive city. It ranked as the 23rd most expensive out of 209 destinations. However, it is about 25% less expensive than New York City – and about 4% less expensive than nearby Abu Dhabi. As such, depending on where you live now, Dubai might look like a bargain.
AED (United Arab Emirates Dirham)
It is the currency acronym for the United Arab Emirates dirham, which is the official currency of Dubai and the other emirates in the region. It is frequently denoted by the letters Dhs or DH on the label. Several currencies, such as the Dubai riyal and the Qatar riyal, have been replaced by the United Arab Emirates dirham since 1973, when it was first introduced.
- This currency is denominated in dirhams and split into 100 fils
- It is pegged to the United States dollar and is considered one of the world’s most stable currencies
- And it is subdivided into 100 fils.
Basics of AED (United Arab Emirates Dirham)
The United Arab Emirates dirham is made up of 100 fils, which are one fil equals one dirham. Dollars, dirhams, and riyals are all available in denominations of 5, 10, 20, 50, 100, 200, 500, and 1000. Despite the fact that coins with values less than 10 fils are rarely used, the coin denominations of 1, 25, and 50 fils are the most commonly encountered. The Central Bank of the United Arab Emirates is in charge of issuing the country’s banknotes and banknotes. Multiple watermarks are utilized to deter counterfeiting, the most prominent of which being the national symbol that appears on the obverse of each banknote.
The insignia depicts a golden falcon with a disk in the middle encircled by seven stars and seven feathers, one for each of the seven Emirates, and a disk around its neck.
The AED and United Arab Emirates Economy
The United Arab Emirates has a gross domestic output of around $421 billion in 2019, placing them in the 25th position on the World Economic Forum’s Global Competitiveness Index, according to the World Economic Forum. Aside from Dubai, the emirates rely on oil exports and natural gas reserves for the majority of their income, but they have made significant progress toward diversification in recent years. According to investors, the United Arab Emirates dirham is one of the world’s most stable currencies in terms of exchange rate stability.
Why Peg to the USD?
Because of the country’s reliance on the oil sector, policymakers believe that pegging the country’s currency to the United States dollar is favorable. Keep in mind that oil prices are expressed in U.S. dollars. The UAE government can limit the volatility of its exports by pegging its currency against the United States dollar (the greenback). In order to preserve the peg, the country’s economic indices and current account balances must be kept at their ideal levels. For example, the UAE government is currently operating a current account surplus in relation to its GDP at the time of writing.
For example, the drop in oil prices in 2015 resulted in lower revenues for the members of the Gulf Cooperation Council.
Many nations entertained the notion of weakening their currencies in relation to the United States dollar. Local revenue would increase as a result of the depreciation because U.S. dollars generated from oil sales might be repatriated in exchange for more dirhams.
Currency in Dubai (2022) – Exchange Rate for Dirham, Dubai Currency
The currency of Dubai is the Arab Emirates Dirham, which is also known as the Emirati Dirham in some circles. It is widely used in the United Arab Emirates. When shortened, the Dubai currency is referred to as the “AED” (officially) or the “DHs” (informally) (unofficially). In the United States, currency notes are issued in denominations of 5, 10, 20 cents (50 cents), 100 cents (200 cents), 500 cents (500 cents), and $1,000. Each denomination has a different color that is both attractive and similar to the others.
One Dirham is made up of 100 Fils (a subdivision of the Dirham).
Dubai Currency ExchangeValue
Source The Dirham, the local currency in Dubai, is tied to the US dollar at a rate of 3.67 percent. As a result, you will always obtain the greatest rate when converting dollars to dirhams because the exchange rate never varies. When you swap one currency for another, the value fluctuates up and down. Before consenting to a trade, make sure to verify the current exchange rate on Google or any other reputable currency exchange website. As of the 24th of June in the year 2020: USD 1 = AED 3.67INR 20.59 = AED 1EUR 0.24 = AED 1USD 1 = AED 3.67INR 20.59 = AED 1EUR 0.24 = AED 1 You will never have a problem locating exchange counters in Dubai because it is such an international transportation center.
As a result, only travel there for the sake of convenience or in an emergency.
Best Place for Currency Exchange in Dubai
Al Ansari Exchange is the company with the most number of currency exchange counters in Dubai, with over 73 branches distributed around the city. While exploring the city, you are sure to come upon one. It has the most cheap prices and is absolutely safe to do business with. It has also received other honors, including being named one of Forbes Middle East’s Top Companies in the Arab World for 2015. They are capable of transferring money, exchanging currencies, and accepting traveler’s checks.
The best prices are as follows: Foreign currencies accepted: US Dollars, EUR, Indian rupees, and Japanese yenLocation: Several branches, including Dubai Airport Terminal 2, Dubai Festival City, Al Barsha, and Souq Al Baharmore
2. Western Union
Another excellent alternative for exchanging currencies is through Western Union. In addition to the fundamental services, they offer additional bonuses and prizes to its customers. Participating in their periodic fortunate drawings for the chance to win huge cash rewards is also an option. There are several stores in all of the city’s major tourist destinations. USD, INR, and EUR are the most competitive currencies. There are many branches – DIC Bldg @ 12, 34 11 StSheikh Khalifa Bin Zayed St, DIC Bldg @ 12, 34 11 St
3. Al Rostamani International Exchange
When it comes to currency conversion, Western Union is a fantastic alternative. The company offers additional bonuses and awards to members in addition to the core services. Participating in their frequent fortunate drawings for the chance to win significant cash rewards is another option available.
There are several outlets in all of the city’s major tourist attractions. USD, INR, and EUR are the most competitive rates available. Localization: DIC Bldg @ 12, 34 11 St, Sheikh Khalifa Bin Zayed St, and a number of other locations.
4. UAE Exchange
UAE Exchange is the largest money exchange network in the United Arab Emirates, with 60 locations in Dubai alone (17 of which are located in metro stations) and 150 branches throughout the nation. They are also present in 31 other nations, in addition to their own country. This firm, which was founded in 1980, is well-known for its inexpensive exchange fees and commitment to long-term client relationships. It has also received several Business Excellence Awards as a result of its extensive network.
5. Al Fardan Exchange
In addition to over 150 worldwide banks and financial institutions, the Al Fardan Group has a strong network of its own. Since its inception in 1958, the company has built a solid reputation for trust and dependability in the marketplace. Money transfer, money exchange, prepaid cards, internet remittance, payroll services, and other services are all available through this company. However, despite the fact that they do not give the greatest exchange rates for Indian rupees, this is the finest site to exchange your US Dollars, Swiss Francs, and Euros.
Numerous branches may be found on Al Maktoum Street, Sheikh Zayed Road, and other streets.
For example, in the case of India, it is preferable to convert your money from INR to USD in India and then from USD to AED in Dubai, as this would result in the best exchange rate.
Because the US Dollar is a worldwide currency, it may be used to conduct business at other international airports as well as in the United States.
Foreign Banks in Dubai
Source Dubai boasts a diversified population of individuals that come from all over the world to live in the city. It should come as no surprise that the city is home to a large number of international banks. Banks such as Citi Bank, Barclays Bank, Commerzbank, UBS, National Bank of Abu Dhabi, Blom Bank France, and Credit Suisse are among the leading competitors in the market. Indian banks in Dubai include: Andhra Bank, Axis Bank, Bank of Baroda, ICICI Bank, State Bank of India, HDFC Bank, IDBI Bank, Punjab National Bank, and Union Bank of India.
Credit Cards and ATMs
The use of SourceATMs in Dubai is a fantastic choice for withdrawing converted money. You will never have a problem locating an ATM in Dubai because it is an international financial hub. You can find one at any location, including malls, airports, metro stations, and even the middle of the street. Because there are more digital transactions than cash transactions in Dubai, all international and Indian banks have their ATMs in the city.
Find out if your local bank has an ATM in Dubai. You will be able to withdraw cash without having to pay ATM fees in this manner. Foreign credit cards are accepted without issue in Dubai. However, there are a few things you should consider beforehand, such as
- Check to see whether your credit card is accepted internationally. If it is, check to see if the United Arab Emirates is included on the list. Notify your bank in advance of your travel dates and the fact that you will be using your credit card. Because if your bank notices a random transaction being carried out in a foreign nation, they may suspend your card’s use. Check the ATM costs that you will be paid per transaction to ensure that you are not overcharged. Your card service provider, such as Mastercard or Visa, will charge you a foreign currency conversion fee for using your card abroad. A foreign transaction fee levied by your bank, followed by a withdrawal fee levied by the bank’s ATM that you will be employing are the last charges.
This is how you can keep your ATM fees to a bare minimum:
- By utilizing your bank’s ATM instead of another bank’s ATM
- By withdrawing big amounts (without exceeding the limit)
- And by withdrawing large amounts less frequently because you are charged a fee per transaction
Tipping in Dubai
Source However, while there is no legislation stating that tipping is mandatory in Dubai, if you are satisfied with a service, you may be kind and leave a little gratuity. What you choose to do is entirely dependent on your particular preferences. If you choose not to tip, no one will look at you with angry eyes or scowl at you. Even a simple thank you on your part will brighten their day. Here’s a brief primer on where to tip in Dubai, and how much to tip in certain situations.
- Cabs: Taxis in the United Arab Emirates are far less expensive than taxis in Europe or the United States. There will never be a problem hailing a taxi in Dubai because there are so many of them in this city. In this part of the world, travelers often use AED 5 for small journeys and AED 10 for large distances. You may, on the other hand, just round off the fare and avoid asking for change. When shopping at a grocery store, it is not necessary to tip the cashier if you only purchased a water bottle. In the case of food stores, you have the option of paying the round-off number or leaving no gratuity at all. Tips for valets in hotels range from AED 5 to AED 10 in the event that you ask them to conduct an errand for you or if they help you carry your extra-heavy luggage to your room. Restaurants: If you like the cuisine, you may leave a gratuity of 10-15 percent of the total amount at the restaurant. Although it is acceptable not to do so because most restaurants include taxes and service charges in the bill, it is not recommended.
That’s all there is to it. You should now be well-versed in the UAE’s official currency, the Emirates Dirham. The people of Dubai are quite kind, and they take their responsibilities towards visitors very seriously. This means you will have no problem converting or transferring your money to the Dubai currency anyplace, or obtaining local assistance in navigating the currency exchange and transfer process.
United Arab Emirates dirham – Wikipedia
|United Arab Emirates dirham|
|درهم إماراتي(in Arabic)|
|1 ⁄ 100||Fils(فلس)|
|Freq. used||5, 10, 50, 100, 500, 1,000 dirhams|
|Rarely used||20, 200 dirhams|
|Freq. used||25 fils, 50 fils, 1 dirham|
|Rarely used||1, 5, 10 fils|
|User(s)||United Arab Emirates|
|Central bank||Central Bank of the UAE|
|Source||The World Factbook, 2011 est.|
|Pegged with||USD 1USD= 3.6725 AED|
This currency, also known as theEmirati dirham or simply the United Arab Emirates dirham, is the official currency of the United Arab Emirates. It is written in Arabic and has the symbol. It is coded as AED and is abbreviated “DH” or “Dhs.” In the dirham, each fil (100 fils) is worth one dirham.
The word dirham is derived from the Arabic language. The dirham was able to persist throughout the Ottoman Empire because of centuries of commerce and usage of the currency. Prior to 1966, the Gulf rupee, which was tied at parity with the Indian rupee, was used by all of the emirates that are now part of the United Arab Emirates. On the 6th of June, 1966, India made the decision to devalue the Gulf rupee in relation to the Indian rupee. As a result of their refusal to accept the depreciation, some of the states who were still using the Gulf rupee switched to their own or other currencies.
During the changeover from the Gulf rupee to the Qatar and Dubai riyal, these emirates briefly embraced the Saudi riyal as their official currency.
The United Arab Emirates (UAE) established the UAE dirham as its official currency in 1973.
Initially issued in the denominations of 1, 5, 10, 25, 50 fils, and 1 dirham, coins were introduced in 1973. The lower denominations of 1, 5, and 10 fils are struck in bronze, while the larger denominations are struck in cupro-nickel. They were the same size and composition as the comparable Qatari fils coins as well as the matching Dubai dirham coins. The 5 fils, 10 fils, 50 fils, and 1 dirham coins were all decreased in size in 1995, with the new 50 fils coin having a curve-equilateral-heptagonal form, replacing the previous round design.
Because the 1, 5, and 10 fils coins are seldom used in ordinary life, all quantities are rounded up or down to the nearest multiples of 25 fils, regardless of how little the number is.
Because the coins are almost the same size, there is a chance that the old 50 fils coin will be mistaken for the new 1 dirham coin when the change is made during the transition.
For further information, please read Commemorative coins of the United Arab Emirates dirham (in Arabic).
|فلس25||20 mm||1.5 mm||3.5 g||Milled||Circular||A Gazelle facing left, withLunar HijriandGregorianyear of mint below.||Lettering: “الامارات العربية المتحدة”, below it “٢٥”, below it “فلساً” and below it “UNITED ARAB EMIRATES”|
|فلس50||21 mm||1.7 mm||4.4 g||Smooth||Heptagon||Threeoil derricks, withLunar HijriandGregorianyear of mint below.||Lettering: “الامارات العربية المتحدة”, below it “٥۰”, below it “فلساً” and below it “UNITED ARAB EMIRATES”|
|د.إ1||24 mm||2 mm||6.1 g||Milled||Circular||ADallah, withLunar HijriandGregorianyear of mint below.||Lettering: “الامارات العربية المتحدة”, below it “١”, below it “درهم” and below it “UNITED ARAB EMIRATES”|
Issues with fraud
By August 2006, it had been well recognized that the Philippines’ one pesocoin is the same size as a dirham in terms of physical dimensions. Because one peso is only worth eight fils in the UAE, there has been an increase in vending machine fraud. The 5 rupee coin from Pakistan, the 50 Baisa coin from Oman, and the 1 dirham from Morocco are all the same size as the one dirham coin from the United Arab Emirates. All dirham banknotes are embossed with a falcon watermark to deter counterfeiting.
The United Arab Emirates Currency Board released notes in the denominations of 1, 5, 10, 50, and 100 dirhams on May 20, 1973, and a 1,000 dirham note was issued on January 3, 1976, by the Central Bank of the United Arab Emirates. In 1982, a second batch of notes was issued, which did not include the 1 dirham and 1000 dirham notes. The first 500 dirham notes were issued in 1983, while the second 200 dirham notes were issued in 1989. In 2000, 1,000 dirham banknotes were brought into circulation.
- The obverse texts are written in Arabic with numbers in Eastern Arabic numerals, and the reverse texts are written in English with numbers in Arabic numerals; the reverse texts are written in Arabic with numbers in Arabic numerals.
- It has now been republished and has been in circulation since late May 2008; however, it has been released in a different color, Yellow/Brown, to replace the previous Green/Brown denomination.
- In addition to the new coat of arms, the security thread was a 3-mm wide, color-shifting windowed security thread with demetalized UAE 50 and demetalized UAE 50.
- This is the country’s first polymer banknote, and it was the first of its kind in the world.
|Image||Value||Main Color||Dimensions (mm)||Description|
|5د.إ||Brown||143 × 60||Sharjah CentralSouqalso known as Islamic Souq, the Blue Souq or the central market||Imam Salem Al Mutawa Mosque, which was formerly known as Al Jamaa mosque inSharjah|
|10د.إ||Green||147 × 62||Akhanjar||A pilot farm|
|20د.إ||Blue||149 × 63||The front face of the Dubai Creek Golf and Yacht Club||Traditional tradingdhow(calledsama’a)|
|50د.إ||Light Brown||151 × 64||anoryx||Al Jahili Fort, a pre-Islamic fort inAl Ain|
|100د.إ||Red||155 × 66||Al Fahidi Fort||Dubai World Trade Centrebuilding|
|200د.إ||Dark Yellow||157 × 67||theZayed Sports City Stadiumand the Sharia court building||TheCentral Bank of the UAEbuilding inAbu Dhabi|
|500د.إ||Sky blue||159 × 68||Saker falcon||TheJumeirah Mosque|
|1,000د.إ||Brown||163 × 70||Qasr al-Hosn||view ofAbu Dhabiskyline|
The dirham was formally tied to the International Monetary Fund’s special drawing rights on January 28, 1978. (SDRs). In actuality, it is almost always tied to the United States dollar at any given moment. Since November 1997, the dirham has been tied to the dollar at a rate of one dollar equals 3.6725 dirhams, which translates to about one dirham equals 0.272294 dollar.
|Current AED exchange rates|
Please keep in mind that the rates acquired from these sources may be in conflict with the fixed rate listed above.
- The Gulf Cooperation Council
- The economy of the United Arab Emirates
- The Cooperation Council for Arab States in the Gulf
- “Annual Report 2014” is an abbreviation for “Annual Report 2014.” (PDF). 14th of June, 2016
- Retrieved 14th of June, 2016
- Sunita Menon is a woman who works in the fashion industry (2006-08-01). “And there you have it! A Peso is as good as a Dirham in terms of purchasing power “. gulfnews.com. Retrieved2014-09-14
- s^ Owen Linzmayer is a writer who lives in the United States (2012). “United Arab Emirates” is a country in the Middle East. The Banknote Book is a collection of banknotes. BanknoteNews.com, based in San Francisco, California
- Url=”Archived copy.” The original version of this article was published on December 7, 2008. Archived copy as title (link)
- CS1 maint: archived copy as title (link)
- Sarah Forster’s name is Forster (7 December 2021). “Leaders from the United Arab Emirates attend the unveiling of the new Dh50 notes.” The National News is a publication that publishes news from across the world. The National News is a publication that publishes news from across the world. The original version of this article was archived on December 9, 2021. retrieved on December 9th, 2021
- The UAE’s Monetary and Banking Sector is seeing rapid growth. The Central Bank of the United Arab Emirates Archived from the original on May 12, 2006, at the Wayback Machine
- Tables of modern monetary history: Asia, Europe, and North America It was archived on February 19, 2007 through the Wayback Machine. Vol. 25, No. 3 of the Central Bank of the UAE’s Statistical Bulletin, published quarterly from July to September 2005.
- United Arab Emirates Commemorative Coins
- UAE Dirham Currency Converter
- United Arab Emirates Commemorative Coins
Currency in Dubai – Handy Guide on Dubai Currency
The Dirham is the currency in use in Dubai and the United Arab Emirates (UAE). The notes are available in denominations of 5, 10, 20, 50, 100, 500, and 1000 dirhams, respectively. Coins in regular circulation include the 1 dirham, 50 fils, and 25 fils coins. In general, it’s a good idea to have 100 dirham notes and lesser denominations on hand for day-to-day transactions. The finest venues to convert foreign cash and traveler’s checks into dirhams, on the other hand, are the various exchanges available in malls and souks that are open during regular business hours.
In big stores, restaurants, and hotels, all major foreign credit and debit cards are accepted, as are most debit cards.
It is necessary to have cash on you when traveling in Dubai city, but do not carry too much to avoid drawing unwanted attention from the authorities. Speak with the foreign exchange department at SOTC to ensure that you receive the best rates possible before your Dubai vacation begins.
Dubai, sometimes known as the “City of Gold,” is one of the most safe cities in the Middle East for tourists, and it is also one of the most prosperous. The dynamic, cosmopolitan metropolis, one of the seven emirates of the United Arab Emirates (UAE) and the city of man-made wonders, is a melting pot of the rich cultures of the East and the West. It is the capital of the UAE and the city of man-made wonders. The greatest time to visit Dubai is between November and April, when the weather is pleasant.
A little fishing community, it is believed to have been created around the beginning of the 18th century.
Dubai Currency information
The currency of Dubai is called the Dirham, and it is sometimes abbreviated as Dhs or DH. It is officially abbreviated as AED, which stands for Arab Emirate Dirham in its expanded form. The dirham is often referred to as the Emirati dirham or the Dubai dirham. This currency serves as the official currency of the United Arab Emirates and the rest of the world. Currently, one Dubai Dirham or one AED equals one hundred fils. In the market of Dubai, currency notes with values ranging from 5, 10, 20, 50, 100, 200, 500, and 1000 Emirati Dirhams are readily accessible, even though 1,000 Emirati Dirham currency notes are seldom used.
The equivalent of one Euro is approximately 4.05 Emirati Dirham.
History of Dubai currency
From the 1970s until the present, Dubai’s currency has been in existence. On December 2, 1971, the United Arab Emirates (UAE) were established, consisting of six emirates: Abu Dhabi, Ajman, Dubai, Fujiarah, Sharjah, and Umm Al Quwain, among others. Ras al Khaimah, the seventh Emirate, joined the other six Emirates in 1972, forming the United Arab Emirates. It was a year later that the United Arab Emirates Dirham was introduced as a currency. The first Dirham currency notes were printed in the denominations of one, five, ten, fifty, and one hundred.
The UAE Central Bank terminated the original set of Dubai Dirham currency notes in 1982, and a new set of currency notes displaying the falcon watermark, the year of printing, and many historical locations from each emirate was produced.
Best place to exchange currency in Dubai
When traveling to the United Arab Emirates, it is always preferable to exchange rupees for Dubai money at the bank or at the airport prior to departure, even though the Dubai Dirham is not one of the most common currencies available and there is a good chance that it will be available at any major airport. However, if one does not have the opportunity to do so before to trip, there is nothing to be concerned about. The cosmopolitan metropolis has a large number of currency exchange offices to choose from.
This implies that you will obtain close to the same rates when converting from US dollars to Dirhams, with all of the associated fees and taxes taken into consideration.
Keep an eye on the current mid-market rate in order to avoid getting charged an exorbitant amount of money.
You may utilize a currency converter online, which is easily accessible through Google. Furthermore, you might inquire with your own bank to see whether it has any affiliations with any of the local banks in Dubai.
Digital Transactions in Dubai
The development in technology improvements has resulted in a significant increase in the number of digital payments in the United Arab Emirates as opposed to cash payments in recent years. It is the cashless transaction strategy that is favoured by customers, particularly those of the younger generation, and it is also the means through which corporate transactions are conducted. UAE aspires to become a cashless economy, following in the footsteps of the vast majority of countries across the world that have been designated as smart nations.
In recent years, mobile payments and digital wallet services have gained traction.
The implementation of stronger cyber security and fraud prevention measures, as well as significant financial expenditures by financial institutions and technology suppliers, have helped to bring the issue under control to a significant degree.
Tipping in Dubai
Tipping is a difficult and perplexing part of etiquette in and of itself. But when it comes to tipping in Dubai, there are no hard and fast rules, however it is usual to give a token of gratuity if you are satisfied with the services you received. Depending on the situation, you may wish to tip the taxi driver who was exceptionally courteous while assisting you with your bags or the attentive waitress at the restaurant who served your coffee precisely. In most cases, a gratuity of between 5 and 10% of the entire bill is customarily anticipated.
Dubai Currency, Banks and Money
The dirham (AED or Arab Emirate Dirham – often known as Dhs or DH) is the currency used in Dubai and the United Arab Emirates. It is the most widely used currency in the world. The value of a dirham is one hundred fils. Notes are available in denominations of 5, 10, 20, 50, 100, 200, 500, and 1,000 dirhams, with the highest denomination being 1,000 dirhams. When you look at it closely, you can see that the lettering on one side is in Arabic while the text on the other is in English. Coins in frequent circulation include the 1 dirham, 50 fil, and 25 fil coins.
UAE Dirham Exchange Rate
The exchange rate between the dirham and the dollar is set at 3.6725 dirhams to one US dollar (or 1 dirham equals 0.272 US dollars). Due to the fact that most international currencies are not tied to the dollar, their exchange rates with the dirham vary on a daily basis. Countries in the Middle East For travellers from the Middle East, Dubai is a popular vacation destination. Every year, around one million people from Saudi Arabia alone come to see the city. These are the current exchange rates for the dirham (AED) in relation to other currencies, including the Saudi riyal (SAR), the Omani rial (OMR), and the Kuwaiti dinar (KWD).
- One Bahraini dinar (BHD) is worth 9.74 AED
- One Egyptian pound (EGP) is worth 0.23 AED
- One Iraqi dinar (IQD) is worth 5.18 AED
- One Kuwaiti dinar (KWD) is worth 12.154 AED
- One Lebanese pound (LBP) is worth 0.0024 AED
- One Qatari riyal (QAR) is worth 1.01 AED
- One Saudi riyal (SAR) is worth 0.98
Afri-Canadian States Every year, over 100,000 visitors from South Africa come to the city.
The number of visitors from other African nations is rather low. The following table shows the current exchange rates between the dirham (AED) and African currencies such as the South African rand (ZAR). They were most recently updated on Wednesday, February 9th, 2022, at 2:22 a.m. GMT.
- 1 Kenyan shilling (KES) equals 0.032AED
- 1 Moroccan dirham (MAD) equals 0.39AED
- 1 Nigerian naira (NGN) equals 0.009AED
- 1 Tanzanian shilling (TZS) equals 0.0016AED
- 1 South African rand (ZAR) equals 0.24AED
- 1 Sudanese pound (SDG) equals 0.008AED
- 1 South African rand (
Asian Countries are located in Asia. Asian tourists account for almost a quarter of all visitors to Dubai, with the majority of them being Chinese nationals. The majority of the city’s expatriate population is made up of Asians. Afghanistanis, Bangladeshis, Chinese, Filipinos, Indians, Indonesians, Pakistanis, and Sri Lankans are among the many nationalities who live and work in the city. In this section, you will find current exchange rates between the dirham (AED) and Asian currencies such as the Indian rupee (INR), Chinese yuan (CNY), Philipine peso (PHP), and Indonesian rupiah (IDR).
GMT on Wednesday 9th of February 2022.
- One Afghan afghani (AFN) equals 0.0393 AED
- One Bangladeshi taka (BDT) equals 0.0443 AED
- One Chinese yuan (CNY) equals 0.58 AED
- One Hong Kong dollar (HKD) equals 0.47 AED
- One Indian rupee (INR) equals 0.0497 AED
- One Indonesian rupiah (IDR) equals 0.00026 AED
- One Malaysian ringgit (
Afghanistan – 1 Afghan afghani (AFN) =0.039AED; Bangladesh – 1 Bangladeshi taka(BDT) =0.043AED; China – 1 Chinese yuan(CNY) =0.58AED; Hong Kong – 1 Hong Kong dollar(HKD) =0.47AED; India – 1 Indian rupee(INR) =0.049AED; Indonesia – 1 Indonesian rupiah(IDR) =0.00026A
- In Australia, one Australian dollar (AUD) is worth 2.63 AED
- In New Zealand, one New Zealand dollar (NZD) is worth 2.44 AED.
European Union Member States European tourists make for around 20% of all visitors to Dubai. The majority of those there are from the United Kingdom, but there are also considerable numbers from France, Germany, Italy, and the Netherlands present as well. In addition, a sizable British expatriate community lives in Dubai. The following table shows the current exchange rates between the dirham (AED) and European currencies such as the euro (EUR) and the pound sterling (GBP). The rates were last updated on Wednesday, February 9th, 2022, at 2:22 a.m.
- 1 Danish krone (DKK) equals 0.564 AED
- 1 euro (EUR) equals 4.2 AED
- 1 Norwegian krone (NOK) equals 0.416 AED
- 1 Swedish krona (SEK) equals 0.402 AED
- 1 Swiss franc (CHF) equals 3.97 AED
- 1 British pound sterling (GBP) equals 4.98 AED
- 1 Danish krone (DKK) equals 0.564
Russia and the Commonwealth of Independent States For Russian travelers, Dubai is a renowned tourist destination. Visitors from countries such as Kazakhstan, Ukraine, and Azerbaijan make up a significant portion of the total. There is also a significant Russian-speaking expatriate community in Dubai. The following table shows the current exchange rates between the dirham (AED) and Russian/CIS currencies. They are current exchange rates (updated Wednesday 9th of February 2022 at 2:22 am GMT).
- The following currencies are in Azerbaijani manats: 1 Azerbaijani manat (AZN) =2.161AED
- Kazakhstani tenges: 1 Kazakhstani tenge (KZT) =0.009AED
- Russian rubles: 1 Russian ruble (RUB) =0.049AED
- Ukrainian hryvnia: 1 Ukrainian hryvnia (UAH) =0.131AED
- Uzbekistan soms: 1 Uz
North American Countries are a group of countries located in North America. Every year, over 12 million Americans and 100,000 Canadians travel to Dubai. Here you can find real-time conversion rates between the dirham (AED) and the US dollar (USD) and the Canadian dollar (CAD). These prices were last updated on February 9th at 2:22 am GMT and are updated every 15 minutes. As previously stated, the USD/AED exchange rate is fixed.
- In Canada, one Canadian dollar (CAD) equals 2.89 AED
- In Mexico, one Mexican peso (MXN) equals 0.178 AED
- And in the United States, one US dollar (USD) equals 3.67 AED.
South American Countries are a group of countries in South America.
- In Argentina, one Argentine peso (ARS) is equal to 0.035 AED
- In Brazil, one Brazilian real (BRL) is equal to 0.698 AED
- In Columbia, one Colombian peso (COP) is equal to 0.0009 AED.
A large number of banks and money exchanges are available in Dubai for the purpose of exchanging foreign cash. They may be found all around the city, but if you are a visitor, it is generally easier to locate one by going to the local retail mall or shopping center. Almost all towns and cities will have at least one bank and a few of money exchange offices. In part because of Dubai’s diversified population and unique mix of tourists, banks and exchanges in the city often carry a greater variety of currencies than those in Europe and the United States.
Money exchanges, as opposed to banks, often provide better exchange rates.
On the whole, the exchange rates offered by hotel currency exchanges are bad.
The opening hours of exchange centers are longer than those of banks.
to 9 p.m. and closing late in the evening. Cash advances against credit cards, money transfers, pre-paid credit cards, bill payment services, and mobile phone top-ups are just a few of the extra services available from most of these establishments. The following are examples of exchanges in Dubai:
- In Dubai, Al Ansari Exchange has more than 50 locations, including branches at Al Khaleej Centre, BurJuman, Century Mall, City Center Al Shindagha, City Centre Deira, City Centre Mirdif, Dragon Mart, Dubai Festival City, Dubai International Airport, Dubai Mall, Dubai Outlet Mall, Gold & Diamond Park, Ibn Battuta Mall, Madina Mall, Oasis Centre, Souk Madinat Jumeirah, and Wafi Mall. BurJuman, City Centre Deira, and the Mall of Emirates are among the branches of Al Ghurair Exchange
- Al Rostamani International Exchange is represented by branches at Dubai International Airport, Ibn Battuta Mall, the Mall of Emirates, Al Khaleej Centre, City Centre Deira, and the Mall of Emirates
- Al Fardan Exchange is represented by branches at the Festival Centre, Dubai Mall, and the Mall of Emirates
- UAE Exchange is represented by branches at City Centre Deira, Dragon Mart, the
The Al Ansari Exchange is located in Dubai Festival City.
Dubai is a prominent financial center that is home to a large number of both local and international financial institutions. Barclays, Citibank, HSBC, and Standard Chartered are just a few of the international banks with a strong presence in Dubai. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank (ADIB), Dubai Islamic Bank, Emirates NBD, Mashreq, National Bank of Abu Dhabi, RAKBANK (National Bank of Ras Al Khaimah), and Union National Bank are among the banks with headquarters in the United Arab Emirates.
to 1 or 2 p.m.
Friday is a day off for banks.
HSBC is located at the Mall of the Emirates.
In Dubai, MasterCard, Visa, and American Express are accepted at almost all of the city’s hotels, restaurants, and stores.
In Dubai, there are hundreds of ATMs to choose from. You’ll find them at retail malls, subway stops, most hotels, supermarkets, and a variety of other public locations.
Dirham of Arab Emirates – Global Exchange Colombia
The United Arab Emirates dirham is the official currency of the nation, and it was launched on May 19, 1973, when the Qatar riyal was replaced as the country’s legal money. The dirham is divisible into 100 fils, with each fil representing one fil.
Origins and history
The currency’s history dates back to the 19th of May 1973, when it was introduced to replace the Qatari riyal. Since 1966, the Qatari riyal has been legal tender in all of the Emirates, with the exception of Abu Dabi. Both Qatar and Dubai utilized the Qatar riyal as their official currency throughout the changeover from the rupee to the riyal. The dirham was introduced into circulation in the year 2000, and coins in the following denominations were minted: 1, 5, 10, 25, 50 fils, and 1 dirham.
- The dimensions and content of the fils coins were identical to that of the comparable Qatar riyal coin in size and composition.
- There was no difference in the dimension of the new 1 dirham coin and the previous 50 fils coin.
- The first series of banknotes was published in 1973, and the second series was issued in 1982, with the first series replacing the values of one dirham and one thousand dirham.
- In 2000, the 1000 dirham note was brought into circulation.
Banknotes and coins of the United Arab Emirates dirham in use
The Central Bank of the United Arab Emirates is the organization in charge of minting coins and issuing banknotes in the country.
Coins in the denominations of 1, 5, 10, 25, and 50 fils, as well as one dirham, are now in circulation. In terms of banknotes, there are denominations of 5, 10, 20, 50, 100, 200, 500, and 1,000 in circulation.
Did you know?
- It is believed that the term Dirham comes from the Greek word “drachmae,” which literally translates as “handful.” Because of centuries of commerce and usage of the money, the dirham was able to endure throughout the Ottoman Empire. It was only in August 2006 that it was revealed that the Philippine 1 peso coin had the same size as a 1 dirham coin. This has resulted in an increase in vending machine fraud across the country. In the same way, coins such as the Pakistani 5 rupee coin, the Omani 50 Baisa coin, and the Moroccan 1 dirham, all of which are of a similar size to the 1 dirham coin, have experienced the same fate. In commemoration of various historical events and rulers of the United Arab Emirates, the Central Bank of the United Arab Emirates has struck commemorative coins every year since 1976.
Your Guide to Currency in Dubai
Before you head to the Dubai Mallor and immerse into the city’s thriving nightlife scene, it’s a good idea to become familiar with the local money. The dirham of the United Arab Emirates is the official currency of Dubai, which is abbreviated as AED but is more usually referred to as Dhs or DH in informal conversations. Each dirham is made up of 100 fils. Various denominations of dirham notes are available, including 5 (brown), 10 (green), 20 (blue/green), 50 (purple), 100 (red), 200 (brown), 500 (navy blue), and 1000 (green/blue) dirhams.
Make an effort to bring smaller bills with you; not only are they more convenient for tipping, but it can be difficult to receive change for anything larger than a 100 dirham bill in taxis and certain convenience stores.
The History of the Dirham
The United Arab Emirates dirham was initially put into circulation in May 1973, just 18 months after the country’s creation as an independent state. Derived from the Ottoman unit of mass ‘dram,’ which in turn derives from the ancient Greek coin ‘drachma,’ which was widely traded throughout the Byzantine Empire, the name ‘dirham’ is used to denote the currency of the United Arab Emirates. Since 1997, the dirham of the United Arab Emirates has been linked to the dollar at a rate of one dollar to 3.6725 dirhams.
You should expect daily swings in the value of your currency when dealing in any currency other than the United States dollar because most of the world’s currencies are not tied to the dollar.
Exchanging Currency in Dubai
The exchange of your native money into dirhams should be a simple process for you. Due to the rigorous regulation of the market, there is minimal risk of getting taken for a ride in this country. Furthermore, because Dubai is such a major transit center, the majority of money exchangers deal in a diverse variety of currencies from all over the world. You should exchange a little amount at the airport to cover gratuities and taxi fares, then a bigger amount once you have arrived in the city to get the best exchange rate.
Consider shopping around for the best rate, as money exchangers are sometimes more competitive than banks in terms of rates.
to 1 p.m.
The city of Dubai also has hundreds of ATMs, many of which are conveniently positioned in shopping malls and metro stations as well as supermarkets and air-conditioned cubicles on the street. Most ATMs in Dubai enable you to withdraw dirhams straight from your personal account for a modest cost.
Using Credit Cards in Dubai
It’s a good idea to have cash on hand for little purchases such as gratuities, taxis, and negotiating in the souks (markets), but you won’t need to carry big amounts of cash for major purchases. In Dubai’s hotels, stores, and restaurants, major credit cards like as Visa, MasterCard, and American Express are commonly accepted, as are debit cards.
Tipping in Dubai
When it comes to tipping in Dubai, there are no hard and fast laws, so while it is usual to tip, it is by no means mandatory. A good rule of thumb is to tip your waiter 10 to 15 percent when you are satisfied with the service at a restaurant, bar, or café, even if a service fee has been added to your bill. Taxis should be paid in dirhams rounded up to the closest note or in 5 or 10 dirham bills. The vast majority of cabs do not take credit cards. Hotel personnel and valets are frequently tipped between 5 and 10 dirhams, with higher amounts given if they are charged with transporting big luggage.
If you reside in Dubai, you can have practically anything delivered to your door at any time, day or night.
Simply dial the number for the nearest convenience shop.
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Is Dubai Currency Higher Than Naira?
The most recent update was made on November 19, 2021 by Over time, we’ve heard Nigerians inquire, “Is the Emirate Dirham worth more than the Nigerian Naira?” “Is the Emirate Dirham worth more than the Nigerian Naira?” The majority of them are people who are looking for better pastures in the Arabian nation. It is the conversion rate between the dirham and the naira that piques their interest when the time comes for them to transfer money back home to their loved ones. For those of you who fall into this category, we understand your interest, and in this piece, we’ll tell you if the Emirate Dirham is high or low in relation to the Naira.
Quick facts about Dubai
Dubai is a city and emirate in the United Arab Emirates. The city is more well-known than other emirates due to its high-end shopping, ultramodern architecture, and vibrant nightlife scene, among other things. The Burj Khalifa, an 830-meter-tall tower skyscraper in Dubai, is the world’s tallest building. The United Arab Emirates, which established a federation in 1971, is made up of the emirates of Abu Dhabi, Dubai, and Sharjah.
- Located in the United Arab Emirates, the city of Dubai is also an emirate. Due to its high-end shopping, ultramodern architecture, and vibrant nightlife scene, the city is more well-known than other emirates. An 830m-tall tower skyscraper, known as the Burj Khalifa, may be seen in Dubai’s Downtown area. The United Arab Emirates, which established a federation in 1971, is comprised of the following emirates: Abu Dhabi, Dubailand, Fujairah, Fujairah, Sharjah, and Ras Al Khaimah.
The United Arab Emirates shares land borders with Oman and Saudi Arabia, as well as sea borders with Qatar and Iran in the Persian Gulf.
Abu Dhabi is the capital city of the United Arab Emirates, as well as the largest and wealthiest of the seven emirates.
Official Currency in Dubai
Derham is the currency of the United Arab Emirates, which is its official unit of measure. It has been accepted by all seven emirates of the United Arab Emirates. The dirham is divisible into 100 fils, which are equal to one fil. As a result, the Emirate Dirham, commonly known as the Emirati dirham, is included in the definition of Dubai currency. The currency is abbreviated “AED” on official documents; alternative unofficial abbreviations include “DH” or “Dhs” on official documents. The dirham banknotes of the United Arab Emirates are available in nine distinct denominations.
Dirham value to Naira
The exchange rate is what determines the value of the dirham in relation to the Nigerian naira. That is the value of one dirhma to one naira on the exchange market – whether it is the official or black market rate of exchange. Since 1997, the dirham has been tied to the US dollar, which means that the exchange rate never fluctuates; one US dollar is equivalent AED3.67, in contrast to Nigeria, which has a fluctuating currency market. When it comes to the exchange market, the Dirham is worth more than the Naira, both on the official and parallel markets.
The official rate of Dirham to Naira
The official market rate for one AED to one Naira is NGN111.85. There is more to it than this in the parallel market. You may get NGN11,185,000 for AED100,000 in the UAE.
The black market rate of Dirham to Naira:
Surprisingly, the underground market offers a better exchange rate than the official market, with 1AED fetching N100 or N90, depending on your region. The reason for the low rate on the unofficial market is that the AED isn’t as popular on the worldwide market and in Nigeria as other currencies such as the US dollar, the Euro, or the British pound. However, the AED does not perform poorly when compared to other major currencies; the US dollar remains more valued than the Emirat Dirham. As an illustration,
- 1 USD is at AED3.67
- 1 pound sterling is worth AED4.94
- 1 euro is worth AED4.47.
Last but not least, the AED is performing admirably versus the Naira. At the foreign exchange market, it is worth more than the Nigerian money. If you’re thinking of sending some Dirhams back to your family and friends in Nigeria, this should give you an indication of what you’re likely to get in Naira the next time you do so.
Last but not least, the AED is performing admirably versus the Naira currency. At the exchange market, it is worth more than the Nigerian money. Next time you’re thinking about sending some Dirhams back to your family and friends in Nigeria, keep this in mind to have a better estimate of what you’ll get in Naira.
UAE Currency Symbols & What They Mean –
Consider the numerous things that appear on your UAE dirham coins and banknotes. Do you ever take the time to examine them? However, despite the fact that they may appear a bit abstract in nature, a lot of these symbols are reflective of UAE heritage and show the country’s evolution from a fishing village into the multi-cultural metropolis that it is known as today.
Let’s have a look at some of the monetary symbols used in the United Arab Emirates, and we’re confident you’ll learn a thing or two about the rich culture and tradition of this dynamic country by the conclusion of this article.
What is the UAE Currency name?
The Dirham is the official currency of the United Arab Emirates, and it is represented by coins and banknotes, many of which bear the country’s national insignia. The currency of the United Arab Emirates is abbreviated as AED, Dh, or Dhs. When it comes to the dirham symbol in Arabic, it is represented as.
What are the symbols on the UAE coins?
The coins of the United Arab Emirates are available in three different denominations: the 1 Dirham coin, the 50 fils coin, and the 25 fils coin. The obverse (front) of each of these coins features a different emblem, as well as the year of minting, which is shown in both the Hijri and Gregorian calendars. You may also get commemorative coins that are produced particularly to showcase the rulers of the United Arab Emirates and other designs that commemorate significant events in the country’s history.
All of the numerals on the United Arab Emirates coins are displayed in Arabic.
1. Dallah Coffee Pot on the 1 Dirham symbol
The Dallah coffee pot seen on the AED 1 coin symbolizes hospitality, which is a fundamental virtue in the UAE’s rich cultural legacy. The Dallahcoffee pot, which represents the heart of Emirati culture and hospitality for visitors, is featured on the most widely-used denomination of UAE money – AED 1 coins – as a symbol of the country’s national pride. It is still customary among Emirati households to greet guests with a hot pot of Arabic coffee and dates, as it has been for centuries. A delightful combination of cardamom and saffron is used to make Arabic coffee (known as Qahwa), which is traditionally served in miniature cups.
2. Oil Derricks on the 50 fills currency of UAE
AED 1 coin depicting the Dallah coffee pot signifies hospitality, which is a fundamental virtue in the UAE’s long and illustrious history. In the United Arab Emirates, the Dallahcoffee pot appears on the most regularly used denomination of the currency – AED 1 coins – and represents the heart of Emirati culture and hospitality for tourists. It is still customary among Emirati households to greet guests with a hot pot of Arabic coffee and dates, as it has been for generations. A wonderful combination of cardamom and saffron is frequently served in little cups with Arabic coffee (known as Qahwa).
3. A Gazelle on the 25 fills currency of UAE
Gazelle is shown on the front of the UAE’s 25 fils coins. Animals are a common money symbol in the United Arab Emirates, appearing on both coins and Dirham notes. The Arabian Sand Gazelle, which may be found in the deserts of the United Arab Emirates, is shown on the small 25 Fils coins. Generally speaking, these wonderful creatures may be found in the deserts of Abu Dhabi. They are an important element of the UAE’s fauna, and it is believed that they have been around since the late Sheikh Zayed bin Sultan Al Nahyan established the country.
What are the UAE currency symbols on the banknotes?
In the UAE, bank notes in denominations ranging from 5 to 1000 are available. The bank notes are available in denominations of 5, 10, 20, 50, 100, 200, 500, and 1000.
Both the obverse and reverse of the dirham notes have a currency symbol that is exclusive to the United Arab Emirates. Here is a glance at the symbols that appear on the bank notes of the United Arab Emirates’ currency.
4. Blue Souk in Sharjah – 5 dirham note
The Blue Souk in Sharjah serves as the emblem for the 5 dirham note. If you are a Sharjah inhabitant, you are likely to be familiar with this location. The Blue Souk in Sharjah, also known as the Central Market, was constructed in 1978 and serves as a significant trading and retail centre for the emirate. It is one of the top sites to visit in Sharjah because of its dynamic ambiance and rich historical background. You’ll discover over 600 businesses here offering everything from gold to gadgets and everything in between.
The Imam Salem Al Mutawa Mosque, formerly known as Al Jamaa mosque in Sharjah, is seen on the reverse of the AED 5 banknote as the UAE currency sign.
5. Omani Dagger – 10 Dirham symbol
In recognition of its historical significance in Emirati culture, the dagger has been designated as one of the country’s national emblems and is shown on the UAE’s currency. You may recall seeing these traditional daggers on sale in souvenir stores all across the United Arab Emirates. The Omani dagger, known as orkhanjarin Arabic, was originally carried by males who employed the weapon for hunting and self-defense purposes. The artefact retains its cultural importance today, signifying the security and authority that are so widespread in the United Arab Emirates.
Despite the fact that they are no longer required to be carried around, these unique cultural relics are excellent collector’s items and continue to serve as an iconic representation of the UAE’s heritage and cultural past.
6. Palm Tree – 10 dirham symbol
Palm trees are one of the most well-known national symbols of the United Arab Emirates, and their significance and popularity may be gauged by the fact that they feature on the country’s currency. The palm tree, of course, was the one item that was always there in the United Arab Emirates. This one is a national emblem of the United Arab Emirates, and it is the one that we most firmly identify with living in the Middle East. Before the country changed into the contemporary, commercial metropolis that we know today, the palm tree served as a source of food and shelter for the locals.
7. Dhow Sailing Boat – AED 20 Dirham Note
Prior to the establishment of the oil trade in the UAE, fishing and pearl-diving were the primary sources of revenue. The dhow boat, which is iconic in the UAE, features on the AED 20 banknote. Fishing and pearl diving were the primary sources of revenue for Emiratis in the early years of their civilization. They were classic sailing vessels, and they were distinguished by their distinctive lateen sails, that would transport divers and fishermen out to sea for months on end.
Sailing and freediving were the most popular recreational activities among the local guys. This national emblem, like many others in the UAE, serves as a reminder of the country’s pre-oil past, when men had to rely on dhow boats to make ends meet in order to make ends meet.
8. Arabian Oryx – 50 dirham banknote
The Arabian Oryx, which is native to the desert, is also the national symbol of the United Arab Emirates and a prominent symbol of the UAE currency. You may recall seeing this distinctive antelope on your AED 50 banknotes a few years ago. This majestic species is a desert native that also happens to be the national animal of the United Arab Emirates. Its population was declared extinct in the 1970s, but because to conservation efforts led primarily by His Highness Sheikh Zayed Bin Sultan Al Nahyan, the Oryx has been resurrected and is now able to roam freely across the country.
9.Al Fahidi Fort – AED 100 note in the UAE
The Al Fahidi Fort and the UAE Coat of Arms are shown on the AED 100 banknote. The Al Fahidi Fort is the next UAE currency symbol that we will discuss, since it appears on the 100 dirham banknote. Over 200 years ago, this location served as both the kings’ house and a fortification for the defense of the kingdom. This monument, which was built in 1787, is one of the most significant symbols of the UAE’s cultural history. The fort still exists today in the Al Fahidi neighborhood of Bur Dubai as the Dubai Museum, where visitors may get a glimpse of historical artifacts as well as an insight into the lives of people living in the United Arab Emirates throughout the time period.
10. The Central Bank of the UAE Building – AED 200 note
The building of the Central Bank of the United Arab Emirates appears on the reverse of the 200 dirham banknote. The Central Bank of the United Arab Emirates is the body that is in charge of administering the country’s currency, making it an appropriate symbol for the UAE’s national currency, the dirham. This landmark structure, which faces the Dubai Creek, is located in the Al Fahidi District of Dubai.
11. The Falcon – 500 dirham note
The magnificent falcon is the national bird of the United Arab Emirates, and it appears on nearly all denominations of UAE money. You may already be aware of the significance of these gorgeous birds and their vital position in Emirati culture, which has resulted in the much-loved practice of falconry that continues to this day in the UAE. Bedouins originally employed these birds to hunt tiny game found in the desert, and they were successful in training them to deliver the prey while it was still alive.
The falcon, which appears frequently on UAE currency notes, is also the country’s national bird, and it serves as the country’s official insignia, which it wears with pride.
12. The Qasr al-Hosn – AED 1000 dirham note
The Qasr Al Hosn, one of the most historic locations in the United Arab Emirates, is shown on the front of the 1000 dirham note’s front. It is the 1000 dirham note that has the highest denomination in the United Arab Emirates, and on this note, you can see the Qasr Al Hosn, which is the city’s oldest stone watchtower, which dates back to the 16th century. This watchtower, which was constructed in the 1790s to protect the island, served as the old administrative headquarters of the Abu Dhabi government and as the residence of the royal family.
And that concludes our look into the rich and intriguing history of the United Arab Emirates through the national emblems that appear on the country’s money.
There’s a lot more to this nation than you may think at first glance.
Want to learn more about the United Arab Emirates? If you’re looking for something historic, check out these heritage sites in Dubai, or our list of the UAE’s tallest structures for a taste of something new!