Currency Rate Arab Emirates Dirham to USD
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The UAE dirham (symbol: د.إ; code: AED) is the official currency of the United Arab Emirates (UAE). It is used across all seven emirates.
Buying rate
AED 0.253196
Selling rate
AED0.289950
The Arab Emirates Dirham, commonly abbreviated as AED, is the official currency of the United Arab Emirates (UAE). Known locally as "dirham," the AED is symbolized as "د.إ" in Arabic and "DH" in English. Introduced in 1973, the dirham replaced the Qatar and Dubai riyal, unifying the currency system across the emirates.
Currency Details
Symbol: د.إ (DH)
ISO Code: AED
Subunits: 1 Dirham = 100 fils
Banknotes and Coins
The AED is available in both coins and banknotes:
Coins:
1 fils (rarely used)
5 fils
10 fils
25 fils
50 fils
1 dirham
Banknotes:
5 dirhams
10 dirhams
20 dirhams
50 dirhams
100 dirhams
200 dirhams
500 dirhams
1000 dirhams
The banknotes feature distinct colors and are adorned with images of UAE landmarks, historical sites, and symbols representing the country's heritage and culture.
History and Background
The dirham's introduction in 1973 marked a significant step in establishing a unified monetary system for the UAE. Before this, various currencies were in circulation, reflecting the region's diverse economic and trading relationships.
Economic Significance
The AED plays a crucial role in the UAE's economy, facilitating trade, investment, and tourism. The UAE's strategic location as a global trade hub and its robust financial sector underscore the importance of a stable and reliable currency. The dirham's peg to the US dollar provides stability, enhancing investor confidence and contributing to the country's economic resilience.
Usage and Exchange
The AED is widely accepted across the UAE for all transactions, from daily purchases to large-scale business deals. For visitors and expatriates, exchanging foreign currency for dirhams is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted.
Conclusion
The Arab Emirates Dirham is more than just a medium of exchange; it is a symbol of the UAE's unity, stability, and economic strength. Whether you're a resident or a visitor, understanding the AED is essential for navigating the financial landscape of this dynamic and rapidly growing nation.
Currency Details
Symbol: د.إ (DH)
ISO Code: AED
Subunits: 1 Dirham = 100 fils
Banknotes and Coins
The AED is available in both coins and banknotes:
Coins:
1 fils (rarely used)
5 fils
10 fils
25 fils
50 fils
1 dirham
Banknotes:
5 dirhams
10 dirhams
20 dirhams
50 dirhams
100 dirhams
200 dirhams
500 dirhams
1000 dirhams
The banknotes feature distinct colors and are adorned with images of UAE landmarks, historical sites, and symbols representing the country's heritage and culture.
History and Background
The dirham's introduction in 1973 marked a significant step in establishing a unified monetary system for the UAE. Before this, various currencies were in circulation, reflecting the region's diverse economic and trading relationships.
Economic Significance
The AED plays a crucial role in the UAE's economy, facilitating trade, investment, and tourism. The UAE's strategic location as a global trade hub and its robust financial sector underscore the importance of a stable and reliable currency. The dirham's peg to the US dollar provides stability, enhancing investor confidence and contributing to the country's economic resilience.
Usage and Exchange
The AED is widely accepted across the UAE for all transactions, from daily purchases to large-scale business deals. For visitors and expatriates, exchanging foreign currency for dirhams is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted.
Conclusion
The Arab Emirates Dirham is more than just a medium of exchange; it is a symbol of the UAE's unity, stability, and economic strength. Whether you're a resident or a visitor, understanding the AED is essential for navigating the financial landscape of this dynamic and rapidly growing nation.