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Which is the official currency of the UAE?

Which is the official currency of the UAE?

The AED (United Arab Emirates Dirham) is the currency abbreviation for the United Arab Emirates dirham, the official currency of Dubai and other Emirates.

What’s the exchange rate for the UAE dirham?

The AED and United Arab Emirates Economy. Despite concerns over inflation, investors consider the UAE dirham as among the world’s most stable currencies in terms of exchange rate stability. It has been pegged to the United States dollar since 1973, and since 1997 it has been set at a rate of 1 U.S dollar to 3.6725 AED.

What are the denominations on UAE dirham coins?

The fils coins were the same size and composition as the corresponding Qatar and Dubai dirham coins. In 1995, the 5 fils, 10 fils, 50 fils, and 1 dirham coins were reduced in size, with the new 50 fils being curve-equilateral-heptagonal shaped. The value and numbers on the coins are written in Eastern Arabic numerals and the text is in Arabic.

What is the value of a Nepalese rupee to a UAE dirham?

Use our currency converter to convert UAE dirhams (AED) to Nepalese rupees (NPR) and vice versa. 1 AED is currently worth 32.47 NPR. Converted amount was calculated using an exchange rate of 1 AED = 32.46733 NPR. 1 NPR is currently worth 0.031 AED. Converted amount was calculated using an exchange rate of 1 NPR = 0.03080 AED.

What is the ‘AED (United Arab Emirates Dirham)’. The AED (United Arab Emirates Dirham) is the currency abbreviation for the United Arab Emirates dirham, the official currency of Dubai and other Emirates.

Why are there 50 fils coins in the UAE?

And then, there was oil! The little structures you see on 50 Fils coins are actually three oil derricks marking the turning point in the UAE’s history. Contributing massively to the country’s progress, oil was first discovered in the 1950s, even before the seven emirates had united to form the UAE.

What are the denominations of UAE bank notes?

The bank notes of the UAE currency can be found in denominations of 5, 10, 20, 50, 100, 200, 500 and 1000. Both the obverse and reverse of the dirham notes showcases a UAE currency symbol unique to it. Here is a look at the symbols on the bank notes of the UAE currency. 4. Blue Souk in Sharjah – 5 dirham note

What was the currency of the seven emirates?

Back then, when the seven emirates were still Trucial States under UK protection, Indian coins and rupees were circulated in the region as the mode of exchange. “India, being a British colony, was a big hub then and its notes were issued and circulated not only in the Middle East but in Africa as well.