United Arab Emirates dirham

The UAE Dirham (Dh = 100 fils 1) is the currency of theUnited Arab Emirates.

 The currency abbreviation for the UAE dirham to ISO 4217 is AED.  Other common abbreviations are words, and rarely Dhs DM

 The name of the currency ( Dirham ) is derived from the Greek drachma.

 Currently, there are considerations, the dirham by a common currency of theGulf statesto replace.

Coins are in denominations of 1 Dirham and 5, 10, 25 and 50 fils.  100 fils give a dirham.  The 5 – and 10-fils coins are copper-colored, the 25 – and 50-Fils-and-one-dirham coins are silver.  The numbers on the coin, in Indian numbers indicated on the Münztext Arabic .  The 1 fils coin is no longer used in payment transactions.  The 5 – and 10-fils coins play a minor role in everyday life, all amounts to the nearest 25-Fils-level rounded up or down.  Sometimes dealers refuse to accept these small denominations (5 and 10 fils) from.  There is still confusion in the individual case with the coins of the previous series, as the old 50 fils coin in use today and the one-dirham coin have nearly the same dimensions.

In August 2006, was publicly known [1] that the one-dirham coin the same size and weight of a Philippine one-peso coin has.  This allows for parking ticket-vending machines and for a fraction (1 PHP are about 7 fils) of the price of parking tickets printed and beverages are purchased.

Notes , there are 5, 10, 20, 50, 100, 200, 500 and 1000 dirhams.  The front is in Arabic (with numbers in Indian typography ), labeled on the back of English (with numbers in European typography ).  The pressure of the 200-dirham notes were adjusted 1989th  Since 27  May 2008 will be issued new 200-dirham notes [2] .  These have a different color (yellow-brown instead of green-brown) and are equipped with the latest safety features.

With the U.S. dollar since the end of the 1980s is a solid, state-fixed exchange rate of 3.6725 dirhams for 1 dollar.  This bond was fixed atU.S.$ recently discussed repeatedly, since it leads to a strong current undervaluation of the AED.  Moreover, a significant proportion of the imports are paid in euros, which further accelerates the already considerable inflation.

The pictures shown here of all bills are under the copyright of the National Bank of the United Arab Emirates.