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UAE dirham

From Biocrawler, the free encyclopedia.

The Dirham is the currency of the United Arab Emirates.

The ISO 4217 Code (Currency-Abb.) for the UAE Dirham is AED. Unofficial abbreviations include DH or Dhs.

Coins are available in denominations of 1 Dirham and 5, 10, 25 and 50 Fils. 100 Fils equals 1 Dirham. The value and numbers on the coins are written in Arabic script and the text is in Arabic. The 5 and 10 Fils-Coins are rarely used in everyday life, so all amounts will be rounded up or down to the nearest 25-Fils. In making change there is a risk of confusing the old 50 Fils-coin for the modern 1 Dirham coin because the coins are almost the same size.

Banknotes are available in the following denominations: 5, 10, 20, 50, 100, 200, 500 and 1000 Dirhams. The obverse is written in Arabic with numbers in Arabic script; the reverse is in English with numbers in European script. The 20 and 200 Dirhams denominations are scarce. The Government stopped printing the 200 Dirhams in 1989; any circulating today come from bank stocks.

Since the late 1980s, the Government has maintained a fixed exchange rate for the Dirham against the US Dollar at an exchange rate of 1 USD = 3.67 AED.

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