United Arab Emirates Dirham
AEDOfficial currency of United Arab Emirates
About the United Arab Emirates Dirham
The UAE dirham was introduced in 1973, replacing the Qatar and Dubai riyal at par. The Qatar and Dubai riyal had circulated since 1966 in all of the emirates except Abu Dhabi, where the Bahraini dinar was used.
The word 'Dirham' derives from the Greek word 'Drachma', literally meaning 'handful'.
Interesting Facts
Pegged to the US Dollar
Since 1997, the UAE Dirham has been pegged to the U.S. Dollar at a fixed exchange rate of 3.6725 dirhams to 1 US dollar.
Dallah on the 1 Dirham Coin
The 1 dirham coin features a 'dallah', a traditional Arabic coffee pot, which is a symbol of Emirati hospitality.
Polymer Banknotes
The UAE has started to introduce polymer banknotes for enhanced durability and security, beginning with the 50 dirham note to commemorate the UAE's 50th anniversary.
Historical Timeline
The UAE dirham is introduced as the official currency.
The dirham is officially pegged to the IMF's special drawing rights (SDRs).
The dirham is formally pegged to the U.S. dollar at a rate of 1 USD = 3.6725 AED.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- AED
- Symbol
- د.إ
- Numeric Code
- 784
- Subunit
- Fils (1/100)
- Introduced
- 1973-05-19
Central Bank
- Name
- Central Bank of the U.A.E.
- Headquarters
- Abu Dhabi, UAE
- Founded
- 1973
- Current Governor
- Khaled Mohamed Balama (since 2021)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.4%
- Inflation Rate
- 2.5%
- Interest Rate
- 5.40%
Exchange Rates
What Affects the AED Exchange Rate?
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