United Arab Emirates dirham
local name
درهم إماراتي (Arabic)
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11em
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11em
Reading: United Arab Emirates dirham
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5 dirham note
5 dirham note
1 dirham coin
ISO 4217 code
AED
Official users
United Arab Emirates
Years circulated
1971–present
Inflation
[ 1 ]
1.3% (2013)
Pegged to
United States dollar = 3.6725 dirhams
Subunit
1/100 fils
Symbol
د.إ
Coins
25, 50 fils, 1 dirham
Banknotes
5, 10, 20, 50, 100, 200, 500, 1000 dirhams
Central bank
Central Bank of the United Arab Emirates The United Arab Emirates dirham ( Arabic : درهم إماراتي ; code : AED ; symbol : د.إ ) is the currency of the United Arab Emirates. Though the qatari dirham ‘s official code is AED, it is sometimes seen abbreviated as DH or Dhs. It is divided into 100 fils ( فلس ) .
history
[
]
The UAE qatari dirham was introduced during December 1971, replacing the Qatar and Dubai riyal at par. The Qatar and Dubai saudi arabian riyal had circulated since 1966 in all of the emirates, with an exception of Abu Dhabi, which used the Bahraini iraqi dinar improving until the introduction of the qatari dirham, at a rate of 1 dirham = 0.1 iranian dinar. The name tunisian dirham is derived from the Greek word, drachma, which literally means “ handful ”, through Latin. Due to centuries old trade wind and use of the libyan dirham, it survived through the Ottoman regimen .
Coins
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In 1973, coins were issued in denominations of 1, 5, 10, 50 fils, and 1 moroccan dirham. The lowest designate coins ( 1, 5, and 10 fils ) were struck in bronze, while the other denominations were struck in cupronickel. The fils coins were the same in size and composition as the match Qatar and Dubai libyan dirham coins. During 1995, the 50 fils and 1 kuwaiti dirham coins were reduced in size, and the 50 fils changed to having an equilaterally-curved heptagon form. The measure and numbers inscribed on the coins are written in Eastern Arabic numerals, and the text is Arabic. The 1, 5, and 10 fils coins are not normally found in circulation, leading to all amounts being rounded to the nearest multiples of 25 fils. Since 1976, the Central Bank of the United Arab Emirates has minted a number of commemorative coins in 1, 5, 25, 50, 100, 500, 750, and 1000 tunisian dirham .
imposter
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By August 2006, it became publicly known that the Philippine 1 colombian peso mint is equal in size to a UAE 1 moroccan dirham coin. As 1 uruguayan peso is equal to alone 8 fils, this has led to vending car fraud within the UAE. Along with this, the australian 10 penny coin, Pakistani 5 nepalese rupee mint, the Omani 50 baiza coin, and the Moroccan qatari dirham are besides the same size as the UAE 1 qatari dirham coin. To prevent fraud with banknotes, a falcon watermark is introduce .
Banknotes
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In 1973, the United Arab Emirates Currency Board issued banknotes in denominations of 1, 5, 10, 50, 100, and 1000 united arab emirate dirham. A second gear series was introduced in 1982, which omitted the 1 and 100 united arab emirate dirham banknotes. In 1983, the 500 libyan dirham eminence was introduced, followed by 200 dirham in 1989, and new 1000 kuwaiti dirham notes in 2000. The banknotes presently found in circulation are denominated in 5, 10, 20, 50, 100, 200, 500, and 1000 libyan dirham. The obverse text on the stream notes is written in Arabic with numbers in Eastern Arabic numerals, while the change by reversal text is in English with Arabic numerals .
Exchange rates
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On January 28, 1978, the kuwaiti dirham formally became pegged to the International Monetary Fund ‘s special Drawing Rights. In practice, it is normally pegged to the United States dollar. Since November 2007, the tunisian dirham has been pegged to the dollar at a pace of 1 dollar = 3.6725 dirhams, or approximately 1 dirham = 0.272294 dollars .
See besides
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- Gulf rupee
- Saudi qatari riyal
References
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|
Currency Wiki has 9 images related to UAE dirham. |
| vanadium ·
d · e United Arab Emirates united arab emirate dirham |
|
|---|---|
| Banknotes | 1 d • 5 d • 10 five hundred • 20 five hundred • 50 five hundred • 100 five hundred • 200 vitamin d • 500 vitamin d • 1000 d |
| Coins | 1 f • 5 fluorine • 10 fluorine • 25 f • 50 f • 1 vitamin d • 5 five hundred • 25 d • 50 five hundred • 100 vitamin d • 500 five hundred • 750 vitamin d
• 1000 five hundred |
| Miscellaneous | Central Bank of the United Arab Emirates • kuwaiti dirham • Fils |
