Which is the official currency of the UAE?

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.

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.

When did the UAE dirham replace the Qatar riyal?

It is often presented with the symbol Dhs or DH. The United Arab Emirates Dirham has been used since 1973, when it replaced several currencies, such as the Dubai riyal and the Qatar riyal.

What are the denominations of United Arab Emirates dirhams?

A fils is also the sub-unit for the Kuwaiti dinars, Iraqi dinars, Bahraini dinars and the Yemeni rial. The dirham is available in denominations of 5, 10, 20, 50, 100, 200, 500 and 1,000. The 1 dirham unit exists in coin form only. The Central Bank of the United Arab Emirates issues the country’s banknotes.

Is the UAE dirham currency accepted in Oman?

Get paid fast for your unused currency from the United Arab Emirates. All UAE dirham bank notes issued by the Abu-Dhabi-based Central Bank of the United Arab Emirates since 1993 are a valid means of payment in the United Arab Emirates. UAE dirhams are also generally accepted in Oman.

How to exchange UAE dirham notes for cash?

Convert your leftover current UAE Dirham banknotes to cash using our hassle-free online exchange service. Get paid fast for your unused currency from the United Arab Emirates. All UAE dirham bank notes issued by the Abu-Dhabi-based Central Bank of the United Arab Emirates since 1993 are a valid means of payment in the United Arab Emirates.

Which is the best rate to exchange dollars in Dubai?

SourceThe currency in Dubai or the Dirham is pegged to the US Dollar at a rate of 3.67%. So you will always receive the best rate while changing Dollars to Dirhams as it never fluctuates. The value rises and falls when you exchange any other currency.