What Is The Currency In Dubai United Arab Emirates? (Solution)

The Emirati Dirham is the official currency of the UAE, abbreviated officially as AED. Unofficial abbreviations include Dh and Dhs. The dirham is subdivided into 100 fils.

What is the best currency to take to Dubai?

Although USD is widely accepted across all sectors in Dubai, it is best advisable to convert home currency into Dirham for the ease of travelling and saving money. For example Canadian Dollar is 2.81 AED and 0.76 USD.

What is a Dollar called in Dubai?

The UAE Dirham is the currency of the United Arab Emirates. It is sub-divided into 100 fils. It is pegged to the U.S. dollar and is among the world’s most stable currencies.

How much is a pound in Dubai dirhams?

The latest on pound to Emirati dirham exchange rates Right now, one British pound is worth 4.711 AED.

Can I use US dollar in Dubai?

Yes, US dollars are widely accepted in Dubai. You will have to ask for a translation from their currency to determine price but there is no problem.

Are meals expensive 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 gold cheaper in Dubai?

GOLD IN DUBAI IS CHEAPER Due to the exclusion of taxes in the emirate prices for gold in Dubai have always been cheaper as buyers would only pay for the value of the gold jewellery. VAT in Dubai is currently the only form of tax applied on any gold purchase.

Is it cheaper to live in Dubai?

Dubai ranked #23 in Mercer’s 26th annual Cost of Living Survey for 2020, a drop of two places since last year’s ranking. Compared to living in some of the world’s major expat hubs like Hong Kong, London, New York, and Singapore, Dubai costs far less in terms of cost of living.

Which currency is the highest in the world?

1. Kuwaiti dinar. Known as the strongest currency in the world, the Kuwaiti dinar or KWD was introduced in 1960 and was initially equivalent to one pound sterling.

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.

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.

Key Takeaways

  • 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.

United Arab Emirates dirham – Wikipedia

United Arab Emirates dirham
درهم إماراتي(in Arabic)
ISO 4217
Code AED
Denominations
Subunit
1 ⁄ 100 Fils(فلس)
Symbol د.إ
Banknotes
Freq. used 5, 10, 50, 100, 500, 1,000 dirhams
Rarely used 20, 200 dirhams
Coins
Freq. used 25 fils, 50 fils, 1 dirham
Rarely used 1, 5, 10 fils
Demographics
User(s) United Arab Emirates
Issuance
Central bank Central Bank of the UAE
Website .centralbank.ae
Valuation
Inflation 2.5%
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.

History

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.

Coins

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).

Image Value Technical parameters Description
Obverse Reverse Diameter Thickness Weight Edge Shape Obverse Reverse
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.

Banknotes

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.
2003 series

Image Value Main Color Dimensions (mm) Description
Obverse Reverse Obverse Reverse
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

Exchange rates

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
FromGoogle Finance: AUDCADCHFEURGBPHKDJPYUSDINR
FromYahoo! Finance: AUDCADCHFEURGBPHKDJPYUSDINR
FromXE.com: AUDCADCHFEURGBPHKDJPYUSDINR
From OANDA: AUDCADCHFEURGBPHKDJPYUSDINR

Please keep in mind that the rates acquired from these sources may be in conflict with the fixed rate listed above.

See also

  • The Gulf Cooperation Council
  • The economy of the United Arab Emirates
  • The Cooperation Council for Arab States in the Gulf

References

  1. Council of Arab States of the Gulf
  2. United Arab Emirates Economy
  3. Cooperation Council for the Arab States of the Gulf

External links

  • United Arab Emirates Commemorative Coins
  • UAE Dirham Currency Converter
  • United Arab Emirates Commemorative Coins

AED

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Overview

The Dirham (AED) is the official currency of the United Arab Emirates (also known as the UAE). 1 Dirham is equal to 100 fils. Although exchange may be completed in a bank, it is less expensive to do it at an exchange office. In 1978, the United Arab Emirates Dirham was tied to the International Monetary Fund’s drawing rights. In 1997, the dirham was tied to the US dollar at a rate of one dollar equaled 3.6725 dirhams.

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Economy

  • The United Arab Emirates is rated second in the Corporation Council for the Arab States of the Gulf (CCASG), which is an organization that brings together Arab states. Natural gas and petroleum exports contribute significantly to the country’s economy. It is also a significant source of revenue in the service industry. Building accounts for a significant portion of the economy
  • Today, an average of $350 billion in construction projects is underway. The World Trade Organization recognizes the United Arab Emirates as a member nation. Machinery, manufactured commodities, and transportation equipment are examples of imports. Natural resources accounted for 85 percent of all exports in 2009. The economy of the United Arab Emirates is rising at the quickest rate in the world.

History

  • The Bahraini Dinar was the first currency used in the United Arab Emirates when it was established. In the years before to 1966, the United Arab Emirates used the Gulf Rupee as their currency
  • The United Arab Emirates dirham first entered circulation in December 1971. Both the Dubai Riyal and Qatar Riyalat par were phased out in favor of the dirham. The Dirham was produced by the United Arab Emirates from 1973 to 1982
  • Commemorative coins were first struck by the United Arab Emirates in 1976. In the late 1980s, a fixed exchange rate between the Dirham and the US dollar was created. Dollar denominations in the 200-dirham range were only made in 1989 and are thus extremely rare
  • Nevertheless, the 200-dirham was re-introduced in May 2008, however in a different hue from the original. The Dirham was tied to the US Dollar for the first time in 1997.

Symbols and names are used throughout the book. Insignias y nombres Denominations

  • The following denominations of bills are available: Dirham 5, 10, 20, 50, 100, 200, 500, 1,000
  • And coins are available in denominations of one, five, ten, twenty-five, fifty, and one hundred fils. 1 Dirham
  • 2 Dirhams
  • 3 Dirhams
  • 4 Dirhams

Countries That Make Use of This Currency There are no currencies that are pegged to the AED.

US Dollar to United Arab Emirates Dirham Exchange Rate. Convert USD/AED

Banks and other money transfer businesses are hiding a dirty little secret from the public. They increase the value of your currency by adding hidden markups, so charging you extra money without your awareness. Furthermore, if there is a cost, they charge you twice. Wise never tries to hide costs in the conversion rate of a currency. We present you with the real-time rate, which is given by Reuters in an independent manner. Compare our rates and fees to those charged by Western Union, ICICI Bank, WorldRemit, and other financial institutions, and you’ll see the difference for yourself.

How to convert US Dollar to United Arab Emirates Dirham

Simply enter the amount you wish to convert into another currency in the box provided. 2

Choose your currencies

Select USD in the first dropdown as the currency that you want to convert and AED in the second dropdown as the currency that you want to convert to by clicking on the dropdown. 3

That’s it

Our currency converter will display the current USD to AED exchange rate as well as how the exchange rate has changed over the last day, week, or month.

There’s only one fair exchange rate

Banks and other financial institutions frequently set their own, unfavorable conversion rates. It simply implies that you are paying more than you should be, and they are pocketing the extra money. We take a different approach. We always provide you with the most accurate, mid-market exchange rate available – the same one you’d get on Google or Reuters.

Dirham of Arab Emirates – Global Exchange República Dominicana

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. Despite the fact that the dirham was tied to the International Monetary Fund special drawing rights on January 28, 1978, in reality it is pegged to the US dollar.

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.

All about the UAE Currency & Latest Exchange Rates –

Are you thinking about visiting or relocating to the United Arab Emirates? The UAE currency and exchange rates will need to be familiarized with in order for your stay in the nation to be as seamless and hassle-free as possible. MyBayut has produced a comprehensive reference on the currency of the United Arab Emirates – the UAE Dirham – which includes information on denominations, exchange rates, and exchange centers, among other things.

WHAT IS THE OFFICIAL CURRENCY OF THE UAE?

The UAE Dirham, often known as the Emirati Dirham, is the official currency of the United Arab Emirates. It is denominated in US dollars. The Dirham entered circulation on May 19, 1973, and has been in circulation since since. The Bahraini Dinar had previously been used in Abu Dhabi, whereas the Qatar-Dubai Riyal was used in Dubai and the other Emirates prior to this. In the United Arab Emirates, the dirham is tied to the US dollar at a fixed exchange rate of 1 USD = 3.67 AED. The Dirham of the United Arab Emirates is abbreviated as ‘AED’ in official documents.

UAE CURRENCY DENOMINATIONS

The denominations of UAE currency coins and notes are shown below in the UAE currency denominations table.

UNITED ARAB EMIRATES DIRHAM COINS

The United Arab Emirates coins have denominations of 25 fils, 50 fils, and AED 11 AED, which is divisible into 100 fils. The United Arab Emirates Dirham is divided into 25 fils, 50 fils, and AED 11 AED. The dirham coins of the United Arab Emirates are available in denominations of 25 fils, 50 fils, and AED 1.

UNITED ARAB EMIRATES DIRHAM NOTES

Various denominations of the United Arab Emirates Dirham are available, ranging from AED 5 to AED 1000. The UAE Dirham banknotes are available in denominations of AED 5, 10, 20, 50, 100, 200, 500, and 1000, with the highest denomination being AED 1000. Take a look at our page on the meanings of the symbols on United Arab Emirates coins and banknotes to learn more about the symbols on the country’s coins and banknotes. You’ll be shocked by what you learn about the currency of the United Arab Emirates!

UAE CURRENCY EXCHANGE RATE FOR POPULAR CURRENCIES

The UAE Dirham exchange rate for common currencies, including Indian and Pakistani Rupees, Euros, British Pounds, Philippine Pesos, South African Rand, and others, is shown below in the table below. Please keep in mind that the UAE currency exchange rates listed below are current as of the day this article was published, which is 29 January 2020. You may get the most up-to-date rates by contacting your local money exchange or checking online.

Indian Rupee

Over the last year, the Indian Rupee has weakened in relation to the Emirati Dirham. The current conversion rate between the UAE Dirham and the Indian Rupee is AED 1 = INR 19.4. The UAE Dirham to Indian Rupee exchange rate began trading at INR 19.35 in January 2019 and ended trading at INR 19.40 in January 2020.

UAE Dirham to Indian rupee exchange rates have ranged from INR 18.6 in the past year to INR 19.6 in the most recent year.

Pakistani Rupee

The current exchange rate between the UAE Dirham and the Pakistani Rupee is AED 1 = PKR 42.08. From January 2019 to January 2020, the UAE Dirham to Pakistan Rupee exchange rate fluctuated between PKR 37.8 and PKR 42.08. Over the last year, the lowest UAE Dirham to Pakistani Rupee exchange rate was PKR 37.7, and the highest exchange rate was PKR 44.4.

Nepalese Rupee

The current exchange rate between the UAE dirham and the Nepalese rupee is AED 1 = NPR 31.17. Between January 2019 and January 2020, the exchange rate between the UAE Dirham and the Nepali Rupee fluctuated between NPR 31.1 and NPR 31.17. The lowest UAE Dirham to NPR conversion rate ever recorded was NPR 21.93, while the highest rate ever recorded was NPR 31.66.

British Pound

In the recent year, the UAE Dirham has appreciated in value relative to the British Pound. The current exchange rate between the UAE Dirham and the British Pound is AED 1 = 0.20 Pound Sterling. The exchange rate between the UAE dirham and the British pound began at GBP 0.20 in January 2019 and ended at GBP 0.20 in January 2020. Between January 2019 and January 2020, the UAE Dirham to British Pound exchange rate fluctuated between 0.20 and 2.22. The lowest rate was 0.20 and the highest rate was 2.22.

Euro

The current exchange rate between the UAE Dirham and the Euro is AED 1 = EUR 0.24. Between January 2019 and January 2020, the AED to Euro exchange rate fluctuated between EUR 0.23 and EUR 0.24. Over the last year, the lowest AED to Euro exchange rate was EUR 0.23, and the highest rate was EUR 0.25. The average rate was EUR 0.23.

Sri Lankan Rupee

The current exchange rate between the dirham and the Sri Lankan rupee is AED 1 = LKR 49.42. From January 2019 to January 2020, the AED to LKR exchange rate fluctuated between LKR 48.84 and LKR 49.42. The exchange rate between the UAE Dirham and the Sri Lanka Rupee has ranged between LKR 47.4 and LKR 49.66. The lowest rate was LKR 47.4 and the highest rate was LKR 49.66.

Bangladeshi Taka

The current exchange rate between the UAE Dirham and the Bangladeshi Taka is AED 1 = BDT 23.1. The exchange between the UAE Dirham and the Bangladeshi Taka started at BDT 22.79 and ended at BDT 23.1 in the previous year. Historically, the lowest Dirham to Bangladesh Taka exchange rate has been BDT 22.6 and the highest has been BDT 23.16, according to the Central Bank of Bangladesh.

Moroccan Dirham

The current exchange rate between the United Arab Emirates dirham and the Moroccan dirham is AED 1 = MAD 2.62. The exchange rate between the UAE Dirham and the Moroccan Dirham fluctuated between MAD 2.58 and MAD 2.62 between January 2019 and January 2020. AED to MAD exchange rates have ranged from MAD 2.58 to MAD 2.65 in recent years, with AED to MAD exchange rates averaging MAD 2.58.

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Saudi Arabian Riyal

The current exchange rate between the UAE Dirham and the Saudi Riyal is 1 AED = 1.02 SAR. The exchange rate between the UAE dirham and the Saudi Arabian riyal has stayed unchanged during the past year.

Omani Rial

The current exchange rate between the UAE Dirham and the Omani Rial is 1 AED = 0.1 OMR. During the previous year, the exchange rate stayed constant at $1.00.

Philippine Peso

As of the 29th day of January 2020, the exchange rate between the UAE dirham and the Philippine peso is PHP 13.84. The current exchange rate between the UAE Dirham and the Philippine Peso is AED 1 = PHP 13.84. From January 2019 to January 2020, the UAE Dirham to Philippine Peso exchange rate fluctuated between PHP 14.24 and PHP 13.82. During the last year, the lowest UAE Dirham to Philippine peso exchange rate was PHP 13.72, and the highest rate was PHP 14.4 (see chart below).

South African Rand

The current exchange rate between the UAE Dirham and the South African Rand is AED 1 = ZAR 3.97. The rate of the dirham to the rand began at ZAR 3.6 in January 2019 and ended at ZAR 3.97 in December. The exchange rate between the Dirham and the Rand has ranged between ZAR 3.62 and ZAR 4.2 in the past year.

Russian Ruble

The current exchange rate between the UAE Dirham and the Russian Ruble is AED 1 = RUB 17.01. The rate of the dirham to the ruble began trading at RUB 17.81 in January 2019 and ended trading at RUB 17.01 in January 2020. During this time period, the lowest Dirham to Ruble conversion rate was RUB 16.6 and the highest was RUB 18.52, with the lowest being the most favorable.

FREQUENTLY ASKED QUESTIONS ABOUT THE UAE CURRENCY

It was RUB 17.81 in January 2019, and it was RUB 17.01 in January 2020 when the rate between the dirham and the ruble first started. This era had the lowest Dirham to Ruble conversion rate of RUB 16.6 and the highest rate of RUB 18.52, with the lowest being the lowest and the highest being the highest.

WHAT IS THE CURRENCY USED IN DUBAI?

The UAE Dirham, which is the official currency of Dubai and the rest of the United Arab Emirates, is the official currency of the country.

CAN YOU USE US DOLLARS IN DUBAI?

Yes, most malls, restaurants, hotels, and businesses in Dubai will accept US Dollars, however there may be additional fees imposed by the merchants in some circumstances. Additionally, older USD notes may not be accepted by some stores, so we recommend visiting an exchange bureau to ensure that you have a variety of Dubai currency denominations on hand.

WHICH ARE SOME OF THE BEST EXCHANGE CENTRES IN DUBAI?

UAE Exchange, Al Ansari Exchange, Al Fardan Exchange, and Al Rostamani Exchange are just a few of the well-known exchange centers in Dubai where you may receive AED amounts in various denominations. The following prominent sites in Dubai are where you may locate branches of these exchange centers:

  • Dubai Mall, Mall of the Emirates, Deira City Centre, Ibn Battuta Mall, Dubai Media City, Dubai International Airport, and a number of metro stations are among the locations where the UAE Exchange may be found. To reach Al Ansari Exchange via phone, dial 600-555-550. Locations served by Al Ansari Exchange include: City Walk, Deira City Centre, Dubai International Airport, The Dubai Mall, Ibn Battuta Mall, Jumeirah Beach Residence, Mall of the Emirates. For further information, call (800) 546-000. Al Fardan Exchange locations include The Dubai Mall, Mall of the Emirates, and Dubai Festival City Centre. For further information, call 600-522-265 or visit the Al Rostamani Exchange at Dubai International Airport, Ibn Battuta Mall, Mall of the Emirates, Dubai Marina, and the Palm Jumeirah. Toll-free number: 800-4250

And that brings us to the conclusion of MyBayut’s guide on the UAE currency rate and AED denominations! If you’re visiting Dubai for the first time, we recommend that you read our advice on how to organize your first trip to Dubai. Here’s everything you need to know about traveling to and around the city, from purchasing your airplane tickets to getting around on your first day. Also, keep an eye on MyBayut for additional useful information regarding living in the United Arab Emirates.

AED – United Arab Emirates Dirham

One United Arab Emirates dirham (AED) is equal to one hundred fils.

United Arab Emirates Currency Board

The United Arab Emirates (UAE) was established on 2 December 1971 when the six emirates of Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, and Umm al-Quwain united to create a federation, with Ras al-Khaimah becoming a member on 11 February 1972.

The Currency Board of the United Arab Emirates (CBO) was founded on May 19, 1973, by Union Law No. 2 of 1973, which became effective on that day.

United Arab Emirates Central Bank

The Central Bank of the United Arab Emirates (CBA) was established on December 10, 1980, by Union Law No. 10 of 1980, and took over the responsibilities of the United Arab Emirates Currency Board.

2021 Commemorative Issues

On 7 December 2021, the Central Bank of the United Arab Emirates announced that it will issue a 50-dirham note to mark the 50th anniversary of the establishment of the union on 2 December 1971. The United Arab Emirates has issued its first polymer banknote, which is seen above. Description:50.00AED – United Arab Emirates Dirham (AED = Arabic for fifty). Dimensions: 151 x 64 mm Purple, violet, and blue are the colors used. Affixed to the front are Arabic lettering, the Emirates emblem, Wahat Al Karama (a memorial to the martyrs of the United Arab Emirates), the seven founding fathers standing with the flag after signing the union treaty, and Sheikh Zayed bin Sultan Al Nahyan’s registration device.

Front: Sheikh Zayed bin Sultan signing the union agreement; registration device.

There is no watermark.

The dimensions are 151 x 64 mm.

2018 Issues

The Central Bank of the United Arab Emirates (CBUA) unveiled a new 100-dirham note on 30 October 2018 with enhanced anti-counterfeiting measures, including a new green-to-blue SPARK Live feature at the bottom left front and a green-to-blue windowed Galaxy security thread. In addition, the denomination has been removed from the lower right front, as has the silver foil stamp from the upper right front of the coin. The banknotes are printed at the Khalifa Industrial Zone in Abu Dhabi, which is home to the UAE’s first banknote printing factory.

  1. Dimensions: 155 x 66 mm Red.
  2. Text in English; Saker falcon.
  3. Saker falcon head with an electrotype 100 and a coffee pot as a watermark (source).
  4. The dimensions are 155 x 66 mm.

2018 Commemorative Issues

A press release dated 28 November 2018 stated that as part of the 47th National Day of the United Arab Emirates celebrations, the Central Bank of the United Arab Emirates has introduced a 100-dirham note commemorating the life of the UAE’s Founding Father, the late Sheikh Zayed Bin Sultan Al Nahyan. The note was introduced as part of the 47th National Day of the UAE celebrations. 100.00 AED – United Arab Emirates (description) Dirham Dimensions: 155 x 66 mm Red. Arabic writing on the front; green-to-blue color scheme SPARK The live designation; the coat of arms of the OVI; the logo of the Year of Zayed; and the Fahidi Fort in Dubai.

Galaxy windowed security thread with demetalized 100 in a green-to-blue gradient. Sheikh Zayed with an electrotype 100 and a coffee pot is used as a watermark. Printed with a laser printer (UAE). The dimensions are 155 x 66 mm. Paper.

2014 – 2017 Issues

A GulfNews.com article published on July 12, 2014 stated that the board of directors for the Central Bank of the United Arab Emirates (CBUH) instructed that necessary actions be taken to reprint all denominations of banknotes using tactile printing so that they will be readable by the visually impaired. With tactile horizontal bars at the front left and right, as well as the coat of arms in OVI, the 50-dirham note was the first in this new family of notes to be issued. Since then, all denominations have through a similar revision process.

  • Arabic lettering on the front, with a coat of arms and a picture of the Blue Souk in Sharjah.
  • a strong security thread that has been demetallized UAE 5 is a country in the United Arab Emirates.
  • Printed with a laser printer (Unknown).
  • Paper.
  • Arabic inscription on the front, coat of arms, and traditional dagger on the back (khanjar).
  • UAE 10 is a strong security thread that has been demetalized.
  • Printed with a laser printer (Unknown).

Paper.

The front of the card has Arabic writing, a coat of arms, and the Dubai Creek GolfYacht Club edifice.

Watermark: Saker falcon head with electrotype 20 and a coffee pot on a black background.

The dimensions are 150 x 63 mm.

Description:50.00AED – United Arab Emirates Dirham (AED = Arabic for fifty).

Front: Arabic text; OVI coat of arms; oryx (antelope) head with silver foil stamp.

Back: English text; Saker falcon; Al Ain’s Fort Jahili; Saker falcon on the wing.

Symbols: Saker falcon head with electrotype 50 and coffee pot as a watermark Printed with a laser printer (Unknown).

Paper.

Dimensions: 155 x 66 mm Red.

Text in English; Saker falcon.

Saker falcon head with an electrotype 100 and a coffee pot as a watermark (source). Printed with a laser printer (Unknown). The dimensions are 155 x 66 mm. Paper. United Arab Emirates Dirham (200.00AED) is the currency used in this transaction. Dimensions: 159 x 68 mm

The colors are tan and gold. Abu Dhabi’s Sheikh Zayed Sports City, the Judicial Department, and the Sharia Court buildings are depicted on the front of the card. The back has Arabic text, a Saker falcon head as the registration device, and the OVI coat of arms. Back: English text; Saker falcon; UAE Central Bank headquarters building in Abu Dhabi; Saker falcon head. Front: Saker falcon; Saker falcon head. A holographic stripe with a denomination is included. Windowed security thread with demetalized UAE 200 in a 3-mm wide color-shifting windowed design.

  1. Printed with a laser printer (Unknown).
  2. Paper.
  3. Abu Dhabi’s Sheikh Zayed Sports City, the Judicial Department, and the Sharia Court buildings are shown on the front of the card.
  4. Reverse: English text; Saker falcon; the UAE Central Bank headquarters building in Abu Dhabi; the head of a Saker falcon; Saker falcon tail.
  5. Saker falcon head with an electrotype 200 and a coffee mug as a watermark – A printer is required (Unknown).
  6. 500.00 AED – United Arab Emirates Dirham (description) size (in millimeters):159×68 Brown.
  7. Back: OVI coat of arms; Al Hosn Palace (White Fort).
  8. Front: Saker falcon; Abu Dhabi skyline with Corniche; Saker falcon head.
  9. UAE 1000 demetalized security thread with a 3-mm wide windowed security thread.
  10. Printed with a laser printer (Unknown).
  11. Paper.

2008 – 2013 Issues

These notes are identical to the previous editions, with the exception of new signatures, new dates, and the addition of the new coat of arms, which was adopted on March 22, 2008. On previous notes, the coat of arms depicts a dhow on the Saker falcon’s chest (on the left), however on newer notes (on the right), the coat of arms depicts the UAE flag encircled by stars denoting the seven emirates of the federation (on the left). United Arab Emirates 5.00 AED (United Arab Emirates) Dirham Dimensions: 143 x 60 mm Brown.

Rear: Anglo-Saxon writing; a Saker falcon; the Bay of Khorfakkan near Fujairah, and a tower.

Saker falcon head is used as a watermark. Printed with a laser printer (Unknown). The dimensions are 143 x 60 mm. Paper. United Arab Emirates Dirham (AED) 10.00 AED – United Arab Emirates Dirham Dimensions: 147 x 62 mm

Green. Arabic inscription on the front, coat of arms, and traditional dagger on the back (khanjar). Printed on the reverse is an English inscription with a Saker falcon and an agricultural background with date palm palms. UAE 10 is a strong security thread that has been demetalized. Symbols: Saker falcon head with electrotype 10 and coffee pot as a watermark. Printed with a laser printer (Unknown). The dimensions are 147 x 62 mm. Paper. 20.00 AED – United Arab Emirates (description) Dirham Dimensions: 150 x 63 mm Blue.

  1. Reverse: English lettering; a Saker falcon and a dhow with a sail UAE 20 is a demetalized version of the windowed security thread.
  2. Printed with a laser printer (Unknown).
  3. Paper.
  4. Dimensions: 155 x 66 mm Red.
  5. Text in English; Saker falcon.
  6. Saker falcon head with an electrotype 100 and a coffee pot as a watermark.
  7. The dimensions are 155 x 66 mm.

United Arab Emirates Dirham (200.00AED) is the currency used in this transaction.

Front: Arabic text, Saker falcon head as registration device, coat of arms, Sheikh Zayed Sports City, Judicial Department, and Sharia Court buildings in Abu Dhabi.

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Back: English text; Saker falcon; UAE Central Bank headquarters building in Abu Dhabi; Saker falcon head.

A holographic stripe with a denomination is included.

Saker falcon head with an electrotype 200 and a coffee mug as the watermark.

The dimensions are 159 x 68 mm.

One thousand one hundred and fifty AED — United Arab Emirates Dirham Dimensions: 163 x 70 mm Brown.

Back: Arabic text; Saker falcon head as registration device; coat of arms Back: English text; Saker falcon; Abu Dhabi skyline with Corniche; Saker falcon head.

A holographic stripe with a denomination is included. Security thread with demetalized UAE 1000 in a windowed design. Coffee pot with electrotype 1000 and a Saker falcon head on it as a watermark. Printed with a laser printer (Unknown). 163 x 70 mm is the size of the image. Paper.

2012 Issues

In contrast to the previous issues, these 100- and 1,000-dirham notes include a 3-mm wide magenta-to-gold color-shifting windowed security thread and a green-to-blue OVI coat of arms that shifts from magenta to gold. 100.00 AED – United Arab Emirates (description) Dirham Dimensions: 155 x 66 mm Red. Front: Arabic text; OVI coat of arms; Fahidi Fort in Dubai with silver foil stamp of castle tower; back: OVI coat of arms; back: OVI coat of arms A view of Dubai’s Trade Centre Tower from the back.

  1. UAE 100 demetalized security thread with a 3-mm wide windowed security thread.
  2. Printed with a laser printer (Unknown).
  3. Paper.
  4. Front: Arabic text; Saker falcon head as registration device; OVI coat of arms; Al Hosn Palace (White Fort) in Abu Dhabi.
  5. Back: English text; Saker falcon; Abu Dhabi skyline with Corniche; Saker falcon head.
  6. A holographic stripe with a denomination is included.
  7. Saker falcon head with an electrotype 1000 and a coffee pot as the watermark.
  8. 163 x 70 mm is the size of the image.

2011 Issues

The design of this 50-dirham note is similar to the previous issue, with the addition of a 3-mm wide, color-shifting windowed security thread with demetalized UAE 50 and Omron rings on the front and reverse. Description:50.00AED – United Arab Emirates Dirham (AED = Arabic for fifty). Dimensions: 151 x 64 mm Purple. Front: Arabic inscription; coat of arms; oryx (antelope) head with a silver foil stamp; back: a plain black background. Back: English text; Saker falcon; Al Ain’s Fort Jahili; Saker falcon on the wing.

  1. Symbols: Saker falcon head with electrotype 50 and coffee pot as a watermark Printed with a laser printer (Unknown).
  2. Paper.
  3. 500.00 AED – United Arab Emirates Dirham (Description) Dimensions: 159 x 68 mm Violet.
  4. Back: English text; Saker falcon; Jumeirah Mosque in Dubai; Saker falcon in flight.
  5. Saker falcon head with an electrotype 500 and a coffee pot as a watermark.
  6. The dimensions are 159 x 68 mm.

2003 – 2008 Issues

These notes are identical to the previous issues, with the exception of the addition of an electrotype denomination and coffee pot to all watermarks, the addition of a silver foil stamp to the 50- and 100-dirham notes, and the addition of denominations to the holographic stripes on the 500- and 1,000-dirham notes.

The price is 50.00 AED in the United Arab Emirates. Dirham Dimensions: 151 x 64 mm

Purple. Front: Arabic inscription; coat of arms; oryx (antelope) head with a silver foil stamp; back: a plain black background. Back: English text; Saker falcon; Al Ain’s Fort Jahili; Saker falcon on the wing. Security thread with demetalized UAE 50 in a windowed design. Symbols: Saker falcon head with electrotype 50 and coffee pot as a watermark Printed with a laser printer (Unknown). The dimensions are 151 x 64 mm. Paper. 100.00 AED – United Arab Emirates (description) Dirham Dimensions: 155 x 66 mm Red.

  1. Text in English; Saker falcon.
  2. Saker falcon head with an electrotype 100 and a coffee pot as a watermark.
  3. The dimensions are 155 x 66 mm.
  4. United Arab Emirates Dirham (200.00AED) is the currency used in this transaction.
  5. Front: Arabic text, coat of arms, Sheikh Zayed Sports City, Judicial Department, and Sharia Court buildings in Abu Dhabi.
  6. Back: English text; Saker falcon; UAE Central Bank headquarters building in Abu Dhabi.
  7. Security thread with a time limit.

Printed with a laser printer (Unknown).

Paper.

Arabic inscription on the front; coat of arms; Saker falcon head on the back.

A holographic stripe with a denomination is included.

Saker falcon head with an electrotype 500 and a coffee pot as the watermark.

The dimensions are 159 x 68 mm.

1,000.00 AED – United Arab Emirates (description provided).

Front: Arabic text; Saker falcon head as registration device; coat of arms; Al Hosn Palace (White Fort) in Abu Dhabi.

Front: Saker falcon; Abu Dhabi skyline with Corniche; Saker falcon head.

Security thread with demetalized UAE 1000 in a windowed design.

Printed with a laser printer (Unknown).

Paper.

1997 – 2007 Issues

These notes are identical to the previous issues, with the exception that the huge denomination over the watermark area at the front left has been removed.

The United Arab Emirates Dirham (5.00AED) is the currency of the country. Dimensions: 143 x 60 mm

Brown. Arabic lettering on the front, with a coat of arms and a picture of the Blue Souk in Sharjah. Rear: Anglo-Saxon writing; a Saker falcon; the Bay of Khorfakkan near Fujairah, and a tower. a strong security thread that has been demetallized UAE 5 is a country in the United Arab Emirates. Varieties is the watermark. Printed with a laser printer (Unknown). The dimensions are 143 x 60 mm. Paper. United Arab Emirates Dirham (AED) 10.00 AED – United Arab Emirates Dirham Dimensions: 147 x 62 mm Green.

  1. Printed on the reverse is an English inscription with a Saker falcon and an agricultural background with date palm palms.
  2. Varieties is the watermark.
  3. The dimensions are 147 x 62 mm.
  4. United Arab Emirates Dirham (AED) 20.00 AED – Description: Dimensions: 150 x 63 mm Blue.
  5. Sama’a dhow with sail on the back; English text; Saker falcon; back: UAE 20 is a demetalized version of the windowed security thread.
  6. Printed with a laser printer (Unknown).
  7. Paper.

Dimensions: 151 x 64 mm Purple.

Back: English text; Saker falcon; Al Ain’s Fort Jahili; Saker falcon on the wing.

Saker falcon head is used as a watermark.

The dimensions are 151 x 64 mm.

Description:100.00AED – United Arab Emirates Dirham (United Arab Emirates).

Fahidi Fort in Dubai is shown on the front with Arabic calligraphy and a coat of arms.

Text in English; Saker falcon.

Saker falcon head is used as a watermark.

The dimensions are 155 x 66 mm.

500.00 AED – United Arab Emirates Dirham (Description) Dimensions: 159 x 68 mm Violet.

Back: English text; Saker falcon; Jumeirah Mosque in Dubai; Saker falcon in flight.

Security thread with demetalized UAE 500 on a windowed security thread.

Printed with a laser printer (Unknown).

Paper.

Front: Arabic text; Saker falcon head as registration device; coat of arms; Al Hosn Palace (White Fort) in Abu Dhabi.

Front: Saker falcon; Abu Dhabi skyline with Corniche; Saker falcon head. Stripe with holographic effects. Security thread with demetalized UAE 1000 in a windowed design. Saker falcon head is used as a watermark. Printed with a laser printer (Unknown). 163 x 70 mm is the size of the image. Paper.

United Arab Emirates Money, Information about Money in United Arab Emirates

Since 1981, the Emirian dirham, the national currency of the United Arab Emirates, has been pegged directly to the United States dollar at a rate of Dh3.67 to $1. That the two countries are linked is due to the fact that crude oil, the UAE’s primary export and the engine of its economy, is denominated and sold in United States Dollars. This reflects the goal of the government of the United Arab Emirates to guarantee that local interest rates move in lockstep with those already in effect in the United States.

Exchange rates: United Arab Emirates
Emirian dirhams (Dh) per US$1
2001 3.6725
2000 N/A
1999 N/A
1998 N/A
1997 3.6711
1996 3.6710
Note: Central bank mid-point rate of 3.6725 has been in effect since 1998.
SOURCE:CIAWorld Factbook 2001.

The United Arab Emirates has achieved this stability through a tight monetary policy that regulates domestic liquidity within an open exchange and payments system: there are no restrictions on the import or export of currencies into the UAE, with the exception of Israeli currency and currencies from countries subject to United Nations sanctions sanctions. The UAE Central Bank also modifies the stock of domestic liquidity by issuing certificates of deposit (CDs) to the federation’s commercial banks, which are then redeemed by the banks.

  1. The UAE government has no external debt, and its private debt-to-service ratio has been steadily improving since the 1980s.
  2. The most serious problems for the system happened in the late 1980s and again in the mid-1990s, when the value of the United States dollar relative to the Japanese yen declined precipitously.
  3. In recent years, there have been discussions about linking the dirham to a “basket” of currencies, including the United States dollar, Japanese yen, and major European currencies.
  4. The UAE Central Bank anticipates investors to flock to the two stock exchanges over the next decade despite the fact that there has been little initial interest in the two markets.
  5. NASDAQ on the possibility of a merger of the two stock exchanges (stock exchanges).

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.

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. Regardless of whether a delivery fee is applied to your purchase, let your delivery driver to keep the change or make a donation of 5 to 10 dirhams to express your appreciation for his or her efforts. Thank you for informing us about this!

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