The AED United Arab Emirates Dirham is the currency abbreviation for the United Arab Emirates dirham, the official currency of Dubai and other Emirates. It is often presented with the symbol Dhs or DH. The United Arab Emirates Dirham has been used sincewhen it replaced several currenciessuch as the Dubai riyal and the Qatar riyal.

The United Arab Emirates dirham is made up of fuloos, which is plural for fils. A fils is also the sub-unit for the Kuwaiti dinars, Iraqi dinars, Bahraini dinars and the Yemeni rial. The dirham is available in denominations of 5, 10, 20, 50, and 1, The 1 dirham unit exists in coin form only.

The Central Bank of the United Arab Emirates issues the country's bank notes. To combat counterfeiting, a watermark of the national emblem appears on the obverse of each note. The emblem is the Hawk of Quraish, a golden falcon with a disk surrounded by seven stars in its center and seven feathers to represent each of the emirates.

Currency exchange rates, Foreign currency rates in UAE | UAE Exchange

With the exception of Dubai, the emirates rely overwhelmingly on the exportation of oil and natural gas reserves, although they have been making steady progress toward diversification. The UAE economy has grown steadily and increased fold between and Estimates place the UAE oil reserves as the seventh largest in the world.

The UAE experienced an annual inflation rate arab in site forex united emirates rate 3. It has been pegged to the United States dollar at a rate of 1 U.

S dollar to 3. The World Competitiveness Centre of the International Institute for Management Development IMDbased in Switzerland, ranks the UAE dirham as the 24th most stable currency in the world, above the currencies of major European economic powers such as Germany, France and Italy, and Asian economic powers such as Japan, Singapore, Hong Kong and South Korea.

This stability in exchange rates is important, since some estimates place the number of expatriates living and working invertir en forex desde venezuela the UAE as high as 9 million, or roughly five times the number of Emirati citizens. The IMD also ranks the AED as fifth in the world in terms of competitiveness, a measure of purchasing power and the ability of various sectors of the economy forex rollover import goods traded in currencies other than the U.

Dictionary Term Of The Day.

A measure of what it costs an investment company to operate a mutual fund. Latest Videos PeerStreet Offers New Way to Bet on Housing New to Buying Bitcoin?

This Mistake Could Cost You Guides Stock Basics Economics Basics Options Basics Exam Prep Series 7 Exam CFA Level 1 Series 65 Exam.

Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. AED United Arab Emirates Dirham Share. What is the 'AED United Arab Emirates Dirham ' The AED United Arab Emirates Dirham is the currency abbreviation for the United Arab Emirates dirham, the official currency of Dubai and other Emirates.

Currency Symbol AED (United Arab Emirates Dirham) - Forex - Investopedia

MAD Moroccan Dirham Gulf Tiger LYD Libyan Dinar Emirates Investment Authority JOD JOD Jordanian Dinar QAR Qatari Riyal Arab Monetary Fund BHD Bahraini Dinar. Content Library Articles Terms Videos Guides Slideshows FAQs Calculators Chart Advisor Stock Analysis Stock Simulator FXtrader Exam Prep Quizzer Net Worth Calculator. Work With Investopedia About Us Advertise With Us Write For Us Contact Us Careers.

Get Free Newsletters Newsletters. All Rights Reserved Terms Of Use Privacy Policy.