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[ United Arab Emirates Dirham, AED ]

United Arab Emirates Dirham AED

The United Arab Emirates dirham also known as Emirati dirham, is the currency of the United Arab Emirates. The term dirham is officially abbreviated "AED", while unofficial abbreviations include "DH" or "Dhs.". The dirham is subdivided into 100 fils. The name dirham is an Arabic word. Because of hundreds of years of exchange and utilization of the cash, dirham made due through the Ottoman Empire. The United Arab Emirates dirham was presented on 19 May 1973. It supplanted the Qatar and Dubai riyal at standard. The Qatar and Dubai riyal had coursed since 1966 in the majority of the emirates with the exception of Abu Dhabi, where the dirham supplanted the Bahraini dinar at 1 dinar = 10 dirham. Prior to 1966, every one of the emirates that were to shape the UAE utilized the Gulf rupee. As in Qatar, the emirates quickly embraced the Saudi riyal during the progress from the Gulf rupee to the Qatar and Dubai riyal.

*External Links: United Arab Emirates dirham - Wikipedia | AED (United Arab Emirates Dirham) - Investopedia | Dubai Currency, Banks and Money - Dubai Online

 

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