Emirati 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 ?
February 21 order overturned a legal amendment by PML-N lawmakers allowing Sharif to remain party president despite being disqualified from public office by the Supreme Court for failing to declare monthly income of 10,000 Emirati dirham ($2,723) from a company owned by his son.
Ambassador Suri explained the currency agreement, according to which the businesses between the two countries will be executed directly in the Indian rupee and Emirati dirham (AED).
Remittances in the UAE benefit from the tumbling pound because the Emirati dirham is pegged to the dollar at a rate of Dh3.
Moreover, he said KFED has a capital of 2 billion Emirati Dirham and targets its business on providing Emiratis loans to commence SMEs, particularly to those whose loan requests have been turned down by banks.
Further, he said KFED has a capital of two billion Emirati Dirham and focuses its business on giving Emiratis loans to start SMEs, especially to those whose loan requests have been turned down by banks.
The price for all this starts at 1,456,308 Emirati Dirham (AED), or around PS260,400.
He has allegedly transferred tens of thousands Emirati dirham to Dubai through illegal means.
8million Emirati Dirham as a final instalment on a newly built property.
With it, consumers can now load up to five foreign currencies that include the US Dollar, Great Britain Pound, Euro, Emirati Dirham and the Bahraini Dinar, a statement from MasterCard said.
58 for selling, while the Emirati dirham market LE 4.
The most exchanged currency during Hajj is the US dollar followed by the euro, Singapore dollar, Indian rupee, Indonesian rupiah, Emirati dirham and Malaysian ringgit, said Abdullah Al-Sayrafi, the manager of an exchange.
4097 to sell, while the Emirati Dirham reached EGP 1.