Note: Rates obtained from these websites may contradict with pegged rate mentioned above, The front of a one dirham coin from the United Arab Emirates, Currency Board of the United Arab Emirates, Commemorative coins of the United Arab Emirates dirham, Cooperation Council for the Arab States of the Gulf, "Hey presto! Currency Wiki is a FANDOM Lifestyle Community. Take in the views of Dubai’s towering skyscrapers, dive beneath the sea at one of the world’s largest aquaria or enjoy five-star dining at renowned restaurants. The currency code for United Arab Emirates Dirham is AED. The Qatar and Dubai riyal was replaced by the dirham. At souks (traditional markets), make sure to haggle with sellers as you could end up paying 50% more otherwise. The 1, 5 and 10 fils are struck in bronze, with the higher denominations in cupro-nickel. The fils coins were same size and composition as the corresponding Qatar and Dubai dirham coins. Coins feature Eastern Arabic numerals and Arabic text. Asda Travel Money ordered in-store is provided by Travelex Agency Services Limited, registered number: 04621879. OzForex Limited ABN 65 092 375 703 (trading as “OFX”) and its subsidiaries make no recommendations as to the merits of any financial product referred to in the website, email or its related websites. IMPORTANT: This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. The 200 dirham denomination has since been reissued and is now in circulation since late May 2008 – it has been reissued in a different colour; Yellow/Brown to replace the older Green/Brown. For details, see Commemorative coins of the United Arab Emirates dirham. It is also used in the Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu. During 1995, the 50 fils and 1 dirham coins were reduced in size, and the 50 fils changed to having an equilaterally-curved heptagon shape. In practice, it is commonly pegged to the United States dollar. [3] A second series of note was introduced in 1982 which omitted the 1 and 1000 dirham notes. Its name comes from the word Drachmae, Greek for ‘handful.’ While it’s officially abbreviated as AED, DH or Dhs abbreviations are also common. We use a global network across 115 countries to bring you the best rate. Most vendors and retailers in the UAE prefer cash transactions. Left it till the last minute? As 1 peso is equal to only 8 fils, this has led to vending machine fraud within the UAE. The security thread is a 3-mm wide, color-shifting windowed security thread with demetalized UAE 50, and it bears the new coat of arms which was adopted on 22 March 2008. The code for the United Arab Emirates Dirham is AED The symbol for the United Arab Emirates Dirham is د.إ The Dirham is divided into 100 fils For 2020, one Dollar has equalled 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. Abu Dhabi used the Bahraini dinar, at a rate of 10 Gulf rupees = 1 dinar. United Arab Emirates Dirham (AED) The page provides information about the currency United Arab Emirates Dirham in the form of a table with currency codes and the table with the current exchange rate to other currencies of the world. Convert from Australian Dollar (AUD) to United Arab Emirates Dirham … In 1973, the United Arab Emirates Currency Board issued banknotes in denominations of 1, 5, 10, 50, 100, and 1000 dirhams. / The amounts above are calculated using the Market (Interbank) rate and are not indicative of OFX Customer Rates. United Arab Emirates Dirham to Naira rate recently moves upwards 0.57% in Moneygram, 1.08% in FX Market; United Arab Emirates Dirham to Naira exchange rate has the lowest value of ₦ 104.01 at Moneygram as of 22/10/2020 among the rates listed in the summary table The seven countries, termed emirates, are Abu Dhabi, Ajmān, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. This site uses cookies to help it work and improve your experience by personalising services for you and tailoring ads you see here and on other websites. TransferWise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900507, for the issuing of electronic money. Buying United Emirates currency before you go means you won’t need to find an ATM on arrival or deal with pesky international transaction fees. Banks and bureaux de change outside the UAE don’t exchange UAE dirham coins. The United Arab Emirates dirham has been the official currency of the United Arab Emirates since its introduction in 1973, when it replaced the Qatar and Dubai … In 1973, coins were introduced in denominations of 1, 5, 10, 25, 50 fils, and 1 dirham. The fils coins were the same in size and composition as the corresponding Qatar and Dubai dirham coins. Our smart tech means we’re more efficient – which means you get a great rate. A Peso's as good as a Dirham", Dynamic Growth of the UAE Monetary and Banking Sector, Central Bank of the UAE, Statistical Bulletin, Quarterly July – Sep. 2005, Central Bank of the UAE, https://en.wikipedia.org/w/index.php?title=United_Arab_Emirates_dirham&oldid=982473633, Creative Commons Attribution-ShareAlike License, Imam Salem Al Mutawa Mosque, which was formerly known as Al Jamaa mosque in, The front face of the Dubai Creek Golf and Yacht Club, This page was last edited on 8 October 2020, at 11:02. 5, 10, 20, 50, 100, 200, 500, 1000 dirhams. The obverse text on the current notes is written in Arabic with numbers in Eastern Arabic numerals, while the reverse text is in English with Arabic numerals. [6] Since November 1997, the dirham has been pegged to the 1 U.S. dollar = 3.6725 dirhams,[7] which translates to approximately 1 dirham = 0.272294 dollar. You can find out more about cookies here. North American Edition. When taking a taxi ride, round up the fare to the nearest 5Dhs. Take your favorite fandoms with you and never miss a beat. 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. Asda Travel Money ordered online or by telephone is provided by Travelex Currency Services Limited, registered number 03797356 and both registered addresses are 4th floor, Kings Place, 90 York Way, London, N1 9AG.
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 dirhams. The United Arab Emirates dirham has been the official currency of the United Arab Emirates since its introduction in 1973, when it replaced the Qatar and Dubai riyal. OFX provides international money transfer services to private clients and business customers. The 200 dirham denomination is scarce as it was only produced in 1989; any circulating today come from bank stocks. Get bank beating foreign currency exchange with OFX. However you spend your time in the United Arab Emirates, one thing is certain — you’ll need plenty of cash. Even if you didn’t buy your travel currency from us, we’ll exchange it back commission free. Simply register or log in for OFX Customer Rates. The Arab Emirates dirham was introduced in 1973 to serve the seven countries of the United Arab Emirates. ^At the time of publishing - November 2019. We've got better rates and fees than the banks, and have securely transferred over AUD $100 billion worldwide since 1998. Due to centuries old trade and usage of the dirham, it survived through the Ottoman regime. All the Trucial States except Abu Dhabi adopted the Qatar and Dubai riyal, which was equal to the Gulf rupee prior to the devaluation. On January 28, 1978, the dirham officially became pegged to the International Monetary Fund's Special Drawing Rights. The subunit of the dirham is the fils: 100 fils is the equivalent of 1 dirham. These emirates briefly adopted the Saudi riyal during the transition from the Gulf rupee to the Qatar and Dubai riyal. The name dirham is derived from the Greek word, drachmae, which literally means "handful", through Latin.