National currency UAE

The national currency of the United Arab Emirates is the Arab Dirham. Before the unification of the countries of the Persian Gulf , such a currency was operating in the UAE as a rupee. Rupee was the national currency of all the countries of the Persian Gulf. Saudi riyal came to replace her, but he did not last long and he was replaced by rial, which was used in Qatar and in Dubai. And only in 1973 was introduced dirham.
If you translate literally the word "dirham", then it means - a handful. To UAE currency Was used in Greece, and then became national throughout the Ottoman Empire. Dirham maintained the status of the Ottoman national currency for more than one century. One dirham is equal to 100 fils. In the International Economy, it is designated AED. In a market economy, it is designated DH or Dhs.

In 1978, the currency of the UAE was indexed. But even before that, the dirham was tied to the dollar. After all, the currency of the UAE appeared at a time when the dollar was extremely unstable. Coins were smelted from various types of metal. Depending on the dignity, some of them were smelted from bronze, while others - from nickel or copper. All fils were about the same size and shape, but since 1995, coins in fifty fils and one Dirham have begun to do less, And they were of a curved shape with heptagonal edges. Numbers and letters were designated only in Arabic. Coins in one, five and ten fils are used very rarely. In the United Arab Emirates , all prices are often rounded to twenty-five fils. The nominal value in one fils is almost never found. When there is a currency exchange, tourists often confuse fifty filsov old time and one dirham modern.

In 1976, several jubilee coins were issued by the Central Bank of the country, which are devoted to some significant events of the United Arab Emirates, as well as famous rulers of the emirates were struck on coins.

The currency of the UAE is often confused with other currencies. This is due to the fact that some coins of other countries are similar to the filaments of the UAE. For example, coins of Australia have the same size, weight and shape as a coin of the United Arab Emirates with a par value of one dirham. On the same parameters, coins of such countries as Pakistan, Oman and Morocco are similar.

Since 1973, banknotes with denominations of one, ten, fifty, one hundred And a thousand dirhams, and in 1982 one and one thousand dirhams were removed from this list. In 1983, the Currency Chamber of the country introduces banknotes with denominations of five hundred dirhams, and then in 1989, banknotes appear in two hundred dirhams. In 2000, a thousand Dirhams banknotes were returned to use. At the moment, the following banknotes are used in the United Arab Emirates: five, ten, twenty, fifty, one hundred, two hundred, five hundred, one thousand dirhams. Each banknote has its own color, for example, a ten-dirhams banknote of brown color, and five hundred is a dark blue color. On one side of the banknote numbers and letters are written in Arabic, and on the other - the letters are written in English, and the numbers - in Arabic. The currency of the UAE has no restrictions on export from the country and import into it, but if the amount is high, it will have to be explained with the local authorities.