Currency Information on UAE Dirham - AED - United Arab Emirates dirham - د.إ
The dirham subdivides into 100 fils and was introduced to the United Arab Emirates in 1973, replacing the Qatar and Dubai riyal at a ratio of 1:1. In Abu Dhabi, the dirham replaced the Bahraini dinar at a ratio of 0.01 dinar: 1 dirham.
Coins are available in denominations of 25 and 50 fils, and 1 dirham, where banknotes are in circulation in denominations of 5, 10, 20, 50, 100, 200, 500 and 1,000 dirhams.
We are an international business and work with companies around the world, especially California in the US and Australia. Our providers are based in different countries so we need to be constantly up to date about the current foreign exchange rates. Otherwise, we would be wasting money during the currency transfer process and obviously this is not what a business wants.
Comment written by Victoria Brown Wine Industry.
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