United Arab Emirates dirham

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United Arab Emirates dirham
درهم إماراتي (in Arabic)
ISO 4217 Code AED
User(s)  United Arab Emirates
Inflation 2.5%
Source The World Factbook, 2011 est.
Pegged with USD[1]

1 USD = 3.6725 AED

Subunit
1100 Fils (فلس)
Symbol د.إ
Coins
Freq. used 25 fils, 50 fils, 1 dirham
Rarely used 1, 5, 10 fils
Banknotes
Freq. used 5, 10, 50, 100, 500, 1,000 dirhams
Rarely used 20, 200 dirhams
Central bank Central Bank of the UAE
Website [http://www.centralbank.ae www.centralbank.ae]

The United Arab Emirates dirham (/dirhəm/; Arabic: درهم إماراتي, sign: د.إ; code: AED; commonly abbreviated "DH" or "Dhs."), also known as simply the Emirati dirham, is the basic unit of the currency of the United Arab Emirates. The dirham consists of 100 fils (فلس).

The dirham is issued by the Central Bank of the United Arab Emirates. Its value is fixed with the US dollar at a rate of 3.6725 dirhams to the dollar. It is believed that the UAE will maintain this dirham-dollar rate.

The UAE dirham was introduced for the first time on May 19, 1973 as an alternative to the Bahraini dinar (issued by Bahrain in 1965 and was used by the Emirate of Abu Dhabi) and for the Qatar and Dubai riyals (issued by the Qatar and Dubai Monetary Council in 1966).

References[change | change source]

  1. "Annual Report 2014" (PDF). Archived from the original (PDF) on 5 April 2016. Retrieved 14 June 2016.


Preceded by:
Qatari and Dubai riyal
Location: Trucial States except for Abu Dhabi
Reason: formed United Arab Emirates (in 1971)
Ratio: at par
Currency of United Arab Emirates
1973 –
Succeeded by:
Current
Preceded by:
Bahraini dinar
Location: Abu Dhabi
Reason: formed United Arab Emirates (in 1971)
Ratio: 1 dirham = 0.1 dinar