Dubai UAE Currency 🇦🇪

Dubai officially known as the Emirate of Dubai is one of the seven emirates that make up the United Arab Emirates!! It is situated in the southeastern part of the Arabian Peninsula on the Persian Gulf and is the second largest emirate by both population and size. The official currency of Dubai is the United Arab Emirates Dirham (AED) 7️⃣ 1️⃣ 🔛 💵 🆙 …

The AED was introduced as a legal tender in 1973 when the UAE was formed, replacing the absolute monarchy of Qatar, and Bahrain’s riyal. It is issued by the Central Bank of the UAE which is based in Abu Dhabi. The AED is divided into 100 fils and is written in a numeral form as either AED or Dhs.

The AED is a fixed currency, meaning its value is not affected by changes in the value of other currencies. This makes it ideal for travelling to and from Dubai, as well as for trading between countries as its value is unaffected by external factors .

The AED is currently made up of coins in different denominations, and each denomination has a specific design. Coins come in denominations of 1 fils, 5 fils, 10 fils, 25 fils, 50 fils, and 1 Dirham. There are currently four series of AED coins in circulation the Al Wathba series the Abu Dhabi series the Dubai series and the Ras Al Khaimah series 4️⃣.

Paper money comes in denominations of 5 10 20, 50, 100, 200, 500, and 1000 Dirhams. It features images of monuments, animals, and other national symbols as well as the portrait of the crown prince of Abu Dhabi.

In terms of its exchange rate, the AED is pegged to the US dollar at a rate of 3. 67 AED to 1 USD. The AED is also accepted in countries such as Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia, however the exchange rate may differ in each of these countries.

The AED is widely accepted in Dubai and can be found in most banks, exchange houses, and restaurants. It is also available in ATMs and can be exchanged for other currencies, although this may incur a fee ️. Cash withdrawals can be made in both AED and foreign currency, although withdrawals in foreign currencies will incur higher fees.

The AED is not only accepted in Dubai but also in many other countries. This has made it the de facto currency of the Middle East and it is widely accepted in the region 🇩🇪. In fact, the AED is accepted in many countries outside of the Middle East including India, Russia, and South Africa.

The AED is an important currency in the Middle East, and its stability, and strength makes it a prime choice for trading between countries in the region. Its value is unaffected by changes in the value of other currencies making it an ideal choice for international transactions 🌐. Its acceptance in many countries makes it a convenient choice for travelling to and from the UAE. !! .

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The AED is also accepted in nations like Bahrain Kuwait Oman Qatar and Saudi Arabia although the exchange rate may vary in each of these countries!! Coins come in denominations of 1 fils 5 fils 10 fils 25 fils 50 fils and 1 Dirham and paper money comes in denominations of 5 10 20 50 100 200 500 and 1000 Dirhams 💯 🇰🇼 🇴🇲 🇶🇦 🇧🇭 💰 💵 🇸🇦 .

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4️⃣ 7️⃣ 🇧🇭 🆙 💯 🇴🇲 🤴 🇺🇸 💵 🇰🇼 🇶🇦 🔛 💰 🇸🇦 🏦 🌎 🇩🇪 1️⃣ ️ 👑 🇦🇪 🔣