What Is The Money In Dubai? (Best 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 kind of money do we use in Dubai?

• Dirham is the legal currency of Dubai and many other nations that are located in the United Arab Emirates. It is also the former related unit mass of the Ottoman Empire and Persia. The name Dirham derives from the name of the Greek coin or currency, drachma or didrachm.

What is Dubai money name?

The UAE Dirham is the currency of the United Arab Emirates. It is sub-divided into 100 fils.

Does Dubai take US dollars?

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.

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 a good Dubai salary?

Dubai has a good average salary range, extending from a monthly salary of 4,810 AED (1,309.56 USD) to 99,000 AED (26,953.44 USD) per month. The average salary range only considers salaries that fall between the average minimum salary and the average maximum salary in Dubai.

Do you pay tip in Dubai?

In restaurants Most restaurants will include taxes and a service charge on the bill. However, most people in Dubai also leave a small tip for the staff. The usual amount is between 10-15%, depending on how good you feel the service was.

Is it expensive in Dubai?

In general, prices in Dubai are comparable to other major cities in the world. Accommodation and tours can be quite expensive, but there is so much choice that you can make it more budget-friendly if you wish. Restaurant prices are comparable to those in Western European cities.

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).

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• There is a fixed rate for the dirham to the dollar, which is 3.6725 dirhams to every US dollar (or 1 dirham equals 0.272 US dollars). In addition, because the majority of international currencies are not tied to the dollar, the value of their exchange rate against the dirham changes on a daily basis. The Countries of the Middle East For travellers from the Middle East, Dubai is a popular destination. Approximately one million people come to the city each year, with the majority coming from Saudi Arabia. Rates for the dirham (AED) in relation to other currencies, such as the Saudi riyal (SAR), the Omani rial (OMR), and the Kuwaiti dinar (KWD), are displayed in the table below. At 2:22 p.m. GMT on February 8, 2022, the most recent update was made to the exchange rate table.

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). This page was last modified at 2:22 p.m. on Tuesday, February 8, 2022, in the United Kingdom.

• 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 CountriesAsian tourists account for around 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. The city is home to a large number of Afghans, Bangladeshis, Chinese, Filipinos, Indians, Indonesians, Pakistanis, and Sri Lankans who live and work there. The current exchange rates (as of Tuesday, February 8, 2022, at 2:22 p.m. GMT) between the dirham (AED) and Asian currencies such as the Indian rupee (INR), Chinese yuan (CNY), Philippine peso (PHP), and Indonesian rupi

• 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 (

Australasia/Pacific Every year, over 200,000 Australians and 30,000 New Zealanders go to Dubai to see family and friends. The following table shows the exchange rates between the dirham (AED) and the Australian dollar (AUD) and the New Zealand dollar (NZD). This page was last modified at 2:22 p.m. on Tuesday, February 8, 2022, in the United Kingdom.

• In Australia, one Australian dollar (AUD) is worth 2.62 AED
• In New Zealand, one New Zealand dollar (NZD) is worth 2.44 AED.

Australia is worth 2.62 Australian dollars (AUD); New Zealand is worth 2.44 Australian dollars (NZD); and the United Arab Emirates is at 2.62 United Arab Emirates (UAE).

• The following currencies are in AED: Denmark – 1 Danish krone (DKK) =0.563AED
• Eurozone – 1 euro(EUR) =4.19AED
• Norway – 1 Norwegian krone (NOK) =0.416AED
• Sweden – 1 Swedish krona (SEK) =0.401AED
• Switzerland – 1 Swiss franc(CHF) =3.98AED
• United Kingdom (GBP) – 1 British pound sterling(GB

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 Tuesday 8th of February 2022 at 2:22 pm 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

Among the currencies that are used are the Azerbaijani manat (AZN) which is equal to 2.161AED, the Kazakhstani tenge (KZT) which equals 0.009AED, the Russian ruble (RUB) which equals 0.049AED, the Ukrainian hryvnia (UAH) which equals 0.131AED, the Uzbekistani som (UZS) which equals 0.0003AED, and

• 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 hryvnias: 1 Ukrainian hryvnia (UAH) =0.131AED
• Uzbekistan soms: 1 U

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 0.696 AED
• In Columbia, one Colombian peso (COP) is equal to 0.0009 AED.

Changing Money

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.
• 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.

• 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

Al Ansari Exchange has over 50 locations in Dubai, including branches at the Al Khaleej Centre, BurJuman, Century Mall, City Centre Al Shindagha, City Centre Deira, City Centre Mirdif, Dragon Mart, Dubai Festival City, Dubai International Airport, Dubai Mall, Dubai Outlet Mall, Gold and Diamond Park, Ibn Battuta Mall, Madina Mall, Oasis Centre, Souk Madinat Jumeirah, and Wafi Mall; Al Ans 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, Mall

Banks

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.

Hours vary from bank to bank, but the majority are normally from roughly 8 a.m. to 1 or 2 p.m. on Saturdays and Thursdays. Friday is a day off for banks. Branches at shopping malls are open later and close at a later time, generally around 9 p.m. HSBC is located at the Mall of the Emirates.

Credit Cards

In Dubai, MasterCard, Visa, and American Express are accepted at almost all of the city’s hotels, restaurants, and stores.

ATMs

A wide variety of credit cards are accepted at practically all hotels, restaurants, and retail establishments in Dubai.

The UAE national currency – The Official Portal of the UAE Government

The Emirati Dirham (formally abbreviated as AED) is the national currency of the United Arab Emirates. Dh and Dhs are unofficial initials for Department of Homeland Security. The dirham is divisible into 100 fils, which are equal to one fil.

History of the UAE Dirham

It was formed by Union Law No. 2 of 1973, which was later superseded by Union Law No. 10 of 1980 about the Central Bank, the Monetary System, and the Organization of Banking, which is now known as the “Currency Board” (PDF, 550 KB). According to the website of the UAE Central Bank, the Currency Board issued the national currency, which replaced the Bahraini Dinar, the Qatari Riyal, and the Dubai Riyal, which were all in use at the time of its introduction. The UAE dirham entered circulation for the first time on May 19, 1973, marking the beginning of the country’s monetary history.

Bank notes

The first dirham notes, which were issued in 1973 in values of AED 1, 5, 10, 50, and 100, were issued. Three years later, the AED 1,000 note was introduced to the public. The first banknotes to be manufactured contained both Arabic and English writing, as well as images of prominent sites in the United Arab Emirates. They were very identical to the ones that are now in circulation. Visit the Money Museum and the Tourist Guide Training and Licensing Manual published by the Abu Dhabi Department of Culture and Tourism to learn more about the United Arab Emirates’ currency.

The obverse of each banknote bears a watermark of the national emblem, which is intended to deter counterfeiting.

Currency misuse – violations and penalties

The national money of the United Arab Emirates has the name and insignia of the country, and as a result, its moral worth is higher than its monetary value, and any act that is considered an insult to the currency is penalized by law in the UAE. According to the Public Prosecution, under Article 141 of Federal Law No. 14 of 2018 Regarding the Central Bank and Organization of Financial Institutions and Activities, anyone who publicly and intentionally mutilates, destroys, or tears up currency will be punished with a fine of one thousand Dirham (AED 1,000) or ten times the value of the mutilated, destroyed, or torn currency, whichever is higher.

A person who insults, mocks, or otherwise harms the reputation, prestige, or statute of the state, its flag, its emblem, its symbols, or any of its institutions will be punished for a minimum of ten years and a maximum of twenty-five years, as well as fined not less than AED 500,000, according to Article 176 (bis) of the Federal Penal Code.

On the website of WAM, you may find connected news coverage. This page was last updated on October 24, 2021.

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.

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

Source The Dirham, the local currency in Dubai, is tied to the US Dollar at a rate of 3.67 percent. You will always get the best rate when converting Dollars to Dirhams since the exchange rate never changes in any manner. When you swap one currency for another, the value fluctuates. Before consenting to a currency exchange, make sure you verify the current exchange rate on Google or any other reputable currency exchanger. The following will be in effect as of June 24th 2020: In the United Arab Emirates, one dollar equals three rupees (in Indian rupees, one dollar equals one emirate).

You will never have a problem locating exchange counters in Dubai because the city is such an international center.

In that case, only go if it is convenient or if you are in a rush.

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

Al Rostamani International Exchange (ARIE) is a financial services company that provides services such as foreign exchange, retail remittance, and more. ARIE is one of the most dependable foreign exchange providers in Dubai, with more than 16 locations located in malls, high streets, and airport terminals around the city. Over the years, their customer-centric strategy has assisted them in increasing client loyalty and expanding their business. Since its inception in 1998, it has received more than a dozen honors.

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 the city, all international and Indian banks have their ATMs in the city. Check to see whether your home bank has a branch in Dubai.

Credit cards from other countries are accepted without issue in Dubai.

• 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.

If your credit card is a global card, make sure to check that it is. Assuming such is the case, determine whether or not the United Arab Emirates is included on the list. Inform your bank of your trip plans and that you will be using your credit card well in advance of your departure date and time. In the event that your bank detects a random transaction in a foreign nation, they may suspend your card. Verify that you are aware of the ATM costs that will be paid for each transaction. The supplier of your card service, such as Mastercard or Visa, will charge you a foreign currency conversion fee.

• 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.

• Source In Dubai, tipping is not required by law, but if you are pleased with a service, you may be kind and leave a modest gratuity to show your appreciation. What you choose to do is completely up to you. Choosing not to tip will not result in any angry looks or frowns from others. They would be delighted if you just expressed your gratitude. Here’s a fast guide on tipping in Dubai, with information on where to tip and how much to give.

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.

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 Currency

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 best method to prepare for a trip to UAE is to convert rupees into Dubai Dirham at a bank or at the airport before to departure. Although Dubai Dirham isn’t one of the most commonly seen currencies, there is a good possibility that it will be accessible at any major international airport. There’s nothing to be concerned about if one doesn’t have time to do so before traveling. Currency exchange services are plentiful in this cosmopolitan metropolis. Because Dubai’s currency is tied to the US dollar, you may be able to obtain the best available rates if you convert from US dollars.

During the exchange of any foreign currency for Dirhams, the value fluctuates in accordance with the value of the US dollar.

You may utilize a currency converter online, which is conveniently accessible through Google search engine results.

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.

What is the Best Currency to Take to Dubai?

Are you planning a trip to Dubai but aren’t sure which currency to bring with you? Find the most competitive currency conversion rates with a detailed chart that was last updated in January 2022. Every nook and cranny of the Emirate city contains an entire world of glamor and glamour waiting to be discovered. Tourists from all over the globe come to Dubai in large numbers to immerse themselves in the city’s magnificence, which includes spectacular sky scrapers, traditional souks, and remarkable artificial amusement parks, among other attractions.

In spite of the fact that Dubai is known as “the world’s shopping mecca,” with all of the world’s top brands housed in several massive high-end retail complexes, it is extremely difficult to navigate.

Several of the world’s top adventure activities may be found in the city, which boasts a plethora of them.

As a result, with so much to do and all the unforeseen desires, there is a lot of thought put into budgeting the money!

It is usually a good idea to be familiar with a country’s currency before traveling in order to avoid spending much more money than you had anticipated. In Dubai, the official currency is the DhiramorDHorDhs (Dhs).

• When it comes to traveling to Dubai, what currency should you use is a mystery. Learn about the most favorable currency conversion rates, as well as a complete chart that was last updated in January 2022. A full world of luxury and splendor awaits visitors in every nook and cranny of this Emirate metropolis. Tourism is booming in Dubai, as tourists from all over the globe come to soak in the city’s splendor, which includes spectacular sky scrapers, traditional souks, and unbelievable artificial amusement parks. Traveling to an unfamiliar nation, especially one with a different culture, temperature, and, most importantly, money, may be quite tough. It is even more difficult to navigate Dubai, which is known as a shopper’s paradise since it houses all of the world’s top brands in a variety of massive high-end retail complexes. It is also worth noting that there is an abundance of magnificent jewelry in the gold souks, which is difficult to ignore. Many of the top adventure activities in the world can be found in this city, which is jam-packed with them. The possibility exists of last-minute arrangements or even an uncontrolled purchasing urge. In order to arrange the money, a great deal of thought must be given to the tasks at hand as well as the unexpected desires. Come with me as we investigate the most cost-effective and hassle-free method of traveling with your money! To avoid spending significantly more than you had anticipated, it is generally advisable to research the currency of a nation before traveling. The official currency of Dubai is the DhiramorDHorDh.

There are 100 fils in a Dhiram, with quarter, half, and one-dollar denomination coins available in each fil. Notes are available in denominations of 1000, 500, 200, 100, 50, 20, 10 and 5 dollars. Generally speaking, it is accepted practice to round off decimal digits of purchase amount to the closest whole. Consequently, whenever you purchase something, you can anticipate your 4.58 AED to be converted to 5 AED. It is usually preferable to have adjustments prepared in advance in order to prevent being forced to make changes later on.

1. It is usually a good idea to convert the cost as quickly as possible because you may wind yourself spending significantly more on food and beverages than you anticipated.
2. There is no commission paid here, and the ice is set up quickly and without fuss.
3. The city has a large number of ATMs, and a card from your native country will operate just fine.
4. It is also a good idea to inform your home bank about your card usage, since some banks may automatically restrict your card if you make overseas purchases with it.
5. Despite the fact that the United States dollar is generally recognized across all industries in Dubai, it is advised to change your native currency into dirham in order to travel more easily and save money.
6. It would be pointless to convert into USD since the value of the currency will plummet as a result of the conversion.

Your Guide to Currency in Dubai

Each fil has 100 fils, each of which contains coins in the quarter, half, and one denominations. A variety of denominations are available, including 1 000 (one thousand five hundred), 500 (two hundred), 100 (fifty), 20, ten (ten), and five (five). Generally speaking, it is customary to round off decimal digits of purchase amount to the closest whole. As a result, when you make a purchase, your 4.58 AED will be changed to 5 AED. For the sake of avoiding the need to change, it is always preferable to have modifications ready in advance.

1. Because you may spend significantly more on food and beverages than you anticipated, it is usually advisable to convert the cost as quickly as possible.
2. In this case, there is no commission to pay, and the ice is set quickly and without difficulty.
3. It is possible to withdraw money from ATMs across the city using a credit card from your own country.
4. It is also a good idea to inform your home bank about your card usage because certain banks may automatically block your card if you make overseas purchases.
5. Despite the fact that the United States dollar is widely recognized across Dubai, it is advised to change your native currency into dirham in order to travel more easily and save money.

Canadian Dollar is 2.81 AED and 0.76 USD, for instance. To convert to USD would be pointless because the value of the currency would plummet due to the lower exchange rate.

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!

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.

Currency in Dubai – Info about the Dirham, ATMs and exchange rates

Interested in learning more about the money in Dubai? Prior to your travel, learn more about the United Arab Emirates Dirham (AED), as well as information regarding ATMs, money, and exchange rates. As part of this presentation, I will address some of the most often asked issues concerning money and currencies in Dubai.

Quick facts about the UAE Dirham(AED)

• The United Arab Emirates Dirham is a currency used in Dubai and the United Arab Emirates, and it has the following names: The year 1973 was the year of the first introduction. The fils are available in the following denominations: 1, 5, 10, 25, and 50 fils, as well as 1 Dirham in coins. In notes, the denominations are as follows: 5, 10, 20, 50, 100, 200, 500, and 1000
• Subunit: 100 fils (cents)
• Abbreviation:.
• Currency code: AED

Can you pay by card in Dubai?

Yes, credit cards such as VISA and Mastercard, as well as American Express, are extensively accepted in Dubai. However, there are still some smaller stores and other establishments that do not take credit card payments, so it is always advisable to have some cash on hand.

Should you exchange money before your trip?

Although it is normally preferable to convert money in Dubai rather than in your home country, there is really no reason to exchange any money at all when traveling to or from Dubai. Because you will receive greater value for your money if you withdraw money from a local ATM or pay with a credit or debit card where it is available. Just remember to pack a travel card that has no ATM fees and no currency conversion costs if you want to use your card to pay with your card while traveling.

Most conventional debit and credit cards charge fees, however there are certain cards designed specifically for frequent travelers that do not charge fees.

Exchange currency in Dubai

It is simple to convert money in Dubai, and the banks and exchange offices often store bigger balances of the major currencies than banks and exchange offices in European nations and the United States, owing to the vast number of nationalities who live and travel to the country. However, owing to the bad exchange rate you would receive in Dubai, it is generally not suggested that you convert currencies there. It is far preferable to withdraw cash from a local ATM, or even better, to pay by credit card wherever feasible, provided that you are using a credit card that does not charge foreign transaction fees.

Money and ATMs in Dubai

Euros are not accepted as a form of payment in Dubai, unfortunately. You may, however, readily swap them at hotels, banks, and exchange bureaus, however the rate you are offered will almost certainly be far lower than the actual worth of the currency.

Can you use US dollars in Dubai?

No, US dollars cannot be used as a form of payment in Dubai. The United Arab Emirates Dirham is the sole currency that is accepted in the city of Dubai (AED). You can swap dollars for AED if you so choose, however doing so is not suggested owing to the bad exchange rate at the time of writing.

How do the ATMs work in Dubai?

A total of 100 ATMs in Dubai accept VISA and Mastercard credit cards and disburse money in Dirhams. When using a foreign card, the ATM will show information in English when the card is inserted. Always remember to select “no conversion” and to be charged in the currency of the country you are visiting. Withdrawing cash from an ATM in Dubai is completely free of charge. However, your home bank will almost certainly charge you a fee for withdrawing cash while traveling overseas, so pack a travel card such asRevolut to avoid atm fees and currency conversion expenses.

Dubai Currency converter

If you have a smartphone, I recommend that you download the XE currency app, which will allow you to check the currency conversion rates for Dubai based on the current market prices. The Revolut app, which allows you to add the United Arab Emirates Dirham to your watchlist and receive real-time information on the currency in Dubai, is yet another alternative to consider.

More about Dubai’s currency – AED

In Dubai, as well as the rest of the United Arab Emirates, the United Arab Emirates Dirham is the official currency. Prior to the establishment of the UAE dirham in 1973, Dubai and Qatar had a single currency, known as the Qatar and Dubai Riyal. Although the Dubai currency of today is not as ancient as the United States dollar or other major currencies in Europe, it has a favorable reputation and valuation around the world due to the Emirate’s strong economic position. The Emirate Dirham is issued by the Central Bank of the United Arab Emirates, which is the country’s central bank.

A falcon is now used as a watermark on the coins, which is a new addition.

The same thing happened with five Pakistani rupees, one Moroccan dirham, and a 50 baisa coin from Oman, among other currencies.

How much is 100 AED in other currencies?

• Coins in circulation include: 1, 5, 10, 25, and 50 fils, as well as one dirham. Banknotes in the denominations of 5, 10, 20, 50, 100, 200, 500, and 1000 AED

Frequently asked questions about the currency in Dubai

There are coins in the denominations of 1, 5, 10, 25, and 50 fils, in addition to one dirham. Notes: 5, 10, 20, 50, 100, 200, 500 and 1000 AED banknotes; 5, 10, 20, 50, 100, 200, 500, 1000 AED banknotes

What is the currency in Dubai called?

The United Arab Emirates Dirham is the official currency of Dubai (AED).

How much cash can I carry to Dubai?

The maximum amount of cash you can bring into Dubai is presently set at 1 million AED; however, if you are bringing in money or valuables worth more than AED 100,000 (or the equivalent in other currencies), you will be required to sign a declaration form when you arrive.

Can I use my debit card in Dubai?

Yes, debit cards from VISA and Mastercard are extensively accepted in Dubai, as are credit cards from Visa and Mastercard. Just make sure to check with your bank to see if they have any limits on international transactions.

Can I use my credit card in Dubai?

Yes, credit cards are generally accepted in Dubai, and you may use them without limitation unless your bank puts limits on using them outside of the country.

Do Dubai taxis take credit cards?

Yes, all Dubai cabs accept payments made using debit and credit cards, including American Express.

How can I send money to Dubai?

When transferring money to Dubai, it is suggested that you utilize the Transferwise service. This will result in the lowest possible fees for you.

What local banks are available in Dubai?

Emirates Islamic Bank, Dubai Islamic Bank, National Bank of Dubai, Commercial Bank of Dubai, Barclays, Citibank, HSBC, Dubai Bank, and Standard Chartered bank are just a few of the banks that operate in Dubai. Other financial institutions include Barclays, Citibank, HSBC, Dubai Bank, and Standard Chartered bank.

More reading from Dubai

Just to name a few banks in Dubai, there are the Emirates Islamic Bank, the Dubai Islamic Bank (also known as the Dubai Islamic Bank), the National Bank of Dubai (known as the Commercial Bank of Dubai), Barclays, Citibank, HSBC, the Dubai Bank, and the Standard Chartered Bank.

How Expensive is Dubai, Really?

19Advice on Traveling to Dubai Dubai is well-known for its extravagance and glitz, and is sometimes referred to as a “playground for the affluent” by its critics. This may be the impression that the majority of people have of Dubai, but it is far from accurate. Dubai is a fascinating mix of a sophisticated cosmopolitan city and a timeless Arabian culture, and it offers something for everyone. In terms of price, how pricey is Dubai really? Naturally, you have the option to spend an endless amount of money if you so like, but it is actually more sensible than most people would believe.

HOW DOES DUBAI COMPARE TO THE REST OF THE WORLD?

Travel Advice for Dubai Many consider Dubai to be a playground for the wealthy due to its lavishness and splendor. Others refer to it as a “paradise for the affluent.” This may be the impression that the majority of people have of Dubai, but it is far from the truth of the situation. As a blend of a metropolitan metropolis and a timeless Arabian culture, Dubai is a fascinating and unique destination. Was Dubai really that pricey to begin with. If you truly want to, you can spend a limitless amount of money, but it’s really more realistic than most people believe it to be.

GETTING AROUND IN DUBAI

19Advice for Traveling in Dubai Dubai is well-known for its extravagance and glitz, and is sometimes referred to as a “playground for the affluent” by some. Although this may be the impression that most people have of Dubai, this is far from the truth.

In Dubai, you will find a unique blend of modern metropolitan living and time-honored Arabian culture. In other words, how pricey is Dubai in reality? Naturally, you have the option to spend an endless amount of money if you so like, but it is actually more realistic than most people believe.

ACCOMODATION DEALS IN DUBAI

When it comes to picking a place to stay in Dubai, the sheer amount of options is overwhelming. As a result of the present economic climate, several of Dubai’s luxury hotels are providing staycation packages to both locals and visitors from across the world, making this the ideal time to indulge and enjoy these magnificent properties. Prices at One Only Royal Mirage start at Dhs1,500 per night ($408 USD), which includes breakfast and a Dhs500 resort credit. One Only Royal Mirage is located in Dubai, UAE.

If you are looking to spend less money,Rove Hotelsare a wonderful option.

EXPERIENCES IN DUBAI

When it comes to picking a place to stay in Dubai, the sheer amount of options available might be overwhelming. Taking into consideration the present economic climate, several of Dubai’s luxury hotels are providing staycation packages to both locals and travelers from across the world, making now the ideal time to indulge in these luxurious retreats. Prices at One Only Royal Mirage start at Dhs1,500 per night ($408 USD), which includes breakfast and a Dhs500 resort credit. One Only Royal Mirage is located in Dubai.

If you are looking to spend less money,Rove Hotelsare a wonderful option.

EATING OUT IN DUBAI

Unless you are dining at the Burj Al Arab, dining out in Dubai is very similar to eating out in most other cities around the world. Despite the fact that there are a variety of great dining alternatives available, on average, a 2-3 course meal at a mid-priced restaurant would cost around Dhs100-150 per person (approximately US $30-40). If you want to explore ancient Dubai and all of its beauty, you can locate hidden jewels like Ravi’s, which will cost you up to Dhs45 (US $12) and will be worth it.

TIPPING IN DUBAI AND THE EMIRATI DIRHAM

Tipping is absolutely optional in Dubai, however it is greatly encouraged. Although most products, such as meals, contain a service fee, many customers still leave a tip in the neighborhood of 10 percent. However, the final decision is yours. The Emirati dirham, the currency of Dubai, is based on the United States dollar. Because of its stability, it has been able to maintain a relatively inelastic value, and the value of the money is unlikely to alter drastically from year to year. To give you an idea of the value of one US dollar, it is approximately 3.67 dirhams.

SO IS DUBAI THAT EXPENSIVE AFTERALL….

We hope that this article has helped you gain a better understanding of just how pricey Dubai is. Dubai Taxis and the Metro make getting around very affordable, and you can take advantage of the current hotel deals and even spend the night in the heart of the desert. You can also visit the world’s tallest building and go on a desert safari that will enrich your experience with culture and adventure.

Choose from a variety of dining alternatives at a price that is within your financial reach. Are you planning a trip to Dubai? You can get all of the information you want for your travel right here.

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.

1. 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.
2. 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.
3. 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.
4. 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