The national currency of the United Arab Emirates is the Arab Dirham. Before the unification of the Gulf countries, such a currency in the UAE as rupee operated . The rupee was the national currency of all Gulf countries. It was replaced by the Saudi rial, but it did not last long and was replaced by the rial, which was used in Qatar and in Dubai. And only in 1973 was the dirham introduced.
If you literally translate the word "dirham", then it means - a handful. Before UAE Currency
used in Greece, and then became national throughout the
Ottoman Empire. The dirham maintained the status of the national currency of the Ottomans for centuries.
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 UAE currency was indexed. But even before that, the dirham was pegged to the dollar. After all, the UAE currency appeared at a time when the dollar was extremely unstable. Coins were smelted from various types of metal. Depending on the merits, some of them were smelted from bronze, and others from nickel or copper. All fils were about the same size and shape, but since 1995 coins of fifty fils and one dirham began to be made smaller,
and they were curved 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 up to twenty-five fils. Denomination in one fils generally does not occur. When there is a currency exchange, tourists often confuse fifty fils of the old time and one dirham of the modern.
In 1976, the Central Bank of the country issued several commemorative coins, which are dedicated to some significant events of the United Arab Emirates, and famous emirates rulers were minted on coins.
UAE currency is often confused with other currencies. This is due to the fact that some coins of other countries are similar to filaments of the UAE. For example, Australian coins have the same size, weight and shape as a United Arab Emirates coin in one dirham denomination. Coins of countries such as Pakistan, Oman and Morocco are similar in these parameters.
Since 1973, banknotes with a face value of one, ten, fifty, one hundred
and a thousand dirhams, and in 1982, one and a thousand dirhams were removed from this list. In 1983, the country's Currency Chamber introduced banknotes with denominations of five hundred dirhams, and then in 1989 two hundred dirhams appeared. In 2000, a banknote of one thousand dirhams was returned to use. Currently, the following banknotes are used in the United Arab Emirates: five, ten, twenty, fifty, one hundred, two hundred, five hundred, thousand dirhams. Each banknote has its own color, for example, a banknote of ten dirhams of brown color, and of five hundred - a dark blue color. On one side of the banknote, the numbers and letters are written in Arabic, and on the other, the letters are written in English and the numbers are in Arabic. The UAE currency has no restrictions on export from and import into the country, but if the amount is large, then it will have to be explained to the local authorities.