AED - United Arab Emirates Dirham
United Arab Emirates Dirham Basic Information
Category | Details |
|---|---|
Name | United Arab Emirates Dirham |
Symbol | د.إ (AED) |
Code | AED |
Country or Region | United Arab Emirates |
Central Bank | Central Bank of the United Arab Emirates |
AED - United Arab Emirates Dirham Denominations & Conversion
The United Arab Emirates Dirham (AED), denoted as "د.إ", is the currency used across the UAE. It is divided into 100 fils. The dirham maintains a stable value due to its peg against the US dollar, which facilitates both local and international transactions.
Unit | Subunits | Conversion Relationship |
|---|---|---|
Dirham (د.إ) | Fils | 1 Dirham = 100 Fils |
Coins | 25 fils, 50 fils, 1 dirham | Each coin is valued at its face value |
Banknotes | 5, 10, 20, 50, 100, 200, 500, 1000 dirhams | Each banknote is valued at its face value |
AED - United Arab Emirates Dirham History
Introduced in 1973, the UAE Dirham replaced the Qatar and Dubai Riyal and became the standardized currency of the Emirates. This was part of a broader move towards unification and economic stability in the newly formed country. The currency has been pegged to the US dollar since 1997, which has contributed significantly to its stability and reliability in the global market.
Top 5 Cities in United Arab Emirates
Abu Dhabi (Capital): As the capital city, Abu Dhabi is the political and industrial center of the UAE, known for its modern skyscrapers, vibrant business environment, and cultural institutions.
Dubai: Known globally for its spectacular architecture, luxury shopping, and dynamic nightlife, Dubai is a cosmopolitan city that attracts tourists and business travelers alike.
Sharjah: Recognized as the cultural capital of the UAE, Sharjah is known for its heritage areas, museums, and cultural festivals.
Ajman: The smallest emirate, located on the Persian Gulf coast, Ajman is known for its beachfront, museums, and a more laid-back pace of life compared to its larger neighbors.
Al Ain: Known as the Garden City due to its greenery, Al Ain is a UNESCO World Heritage site and is famous for its historic forts and archaeological parks.
Travel Tips for Visiting United Arab Emirates
Land and Administrative Divisions: The UAE is a federation of seven emirates, each governed by its own monarch. Together, these emirates form a country that is highly urbanized and technologically advanced.
Climate and Weather: The UAE experiences a desert climate with extremely hot summers and mild winters. Visitors are advised to wear light clothing but also to respect local customs and dress modestly.
Cuisine: Emirati cuisine includes a variety of dishes such as shawarma, falafel, and machboos. Dates are a staple, often served with coffee.
Payment Methods: The UAE is largely a cashless society with widespread use of credit cards and mobile payment solutions like Apple Pay and Samsung Pay.
Telecommunications: Leading telecom providers include Etisalat and Du, offering extensive coverage and high-speed internet services.
Transport: The UAE has a state-of-the-art infrastructure with modern roads, an extensive metro system in Dubai, and airports that connect to global destinations.
Attractions and Heritage Sites: The UAE is home to several tourist attractions, including the Burj Khalifa in Dubai, the Sheikh Zayed Grand Mosque in Abu Dhabi, and the historic district of Sharjah.
Tipping: Tipping is customary in the UAE, with 10-15% being standard in restaurants and cafes. Tipping taxi drivers and hotel staff is also practiced, though often a service charge is already included in the bill.
