Emirati Dirham

(redirected from UAE Dirham)

Emirati Dirham

The currency of the United Arab Emirates. It was introduced in 1971 upon the formation of the United Arab Emirates and their complete independence from Great Britain. Previously, both the Bahraini dinar and the Qatari riyal (then known as the Qatar-Dubai riyal) were used in what is now the UAE. While it was pegged to the IMF special drawing rights in 1978, the dirham has been pegged to the U.S. dollar unofficially for most of its history. The UAE officially pegged the dirham to the dollar in 1997.
Mentioned in ?
References in periodicals archive ?
The value of money sent out to beneficiaries abroad seem to be consistent with the size of the migrant communities in the UAE, as well as the performance of the US dollar, to which the UAE dirham is pegged.
2 per cent in the average value of UAE Dirham against other currencies comparatively with the same period last year.
by Times News Service Customs officials recovered around OMR24,925 and UAE dirham 45,500 from the Omani citizen, according to a source at Lahore Airport.
According to the Gulf News, the exceptional drop in the Indian rupee against the UAE dirham is expected to sharply increase remittances to India from the UAE.
This matter of changing over to UAE dirham is under discussion among Iranian officials at the moment but has not been implemented yet," the official from the Iranian Embassy in the United Arab Emirates told Reuters on condition of anonymity.
Dubai: The Philippines' peso has tumbled against the UAE dirham to its lowest level in over a decade, and analysts are predicting that the trend will continue.
Along with MasterCard, LGB Bank has launched Lebanon's first UAE Dirham MasterCard Credit Card designed for the bank's visiting and UAE resident customers.
Summary: Remittances by Filipinos expected to surge as UAE dirham strengthens on the back of strong dollar
LGB Bank in association with MasterCard today announced the launch of Lebanon's first UAE Dirham MasterCard Credit Card that has been designed for the bank's visiting and UAE resident customers.
Summary: According to UAE Central Bank data, deposits in UAE Dirham increased by Dh32.
READ: Depa reveals date of listing currency switch to UAE dirhams
The Dubai Commodities Clearing Corporation (DCCC), the central counter-party (CCP) service provider of the Dubai Gold and Commodities Exchange (DGCX), today announced that Clearing Members will now be able to settle their transactions in UAE Dirhams (AED) in addition to US Dollars.