United Arab Emirates Dirham

The currency of the United Arab Emirates is the dirham (AED). The dirham is subdivided into 100 fils. Coins come in denominations of 1, 5, 10, 25, 50 fils, as well as 1 and 2 dirham. Banknotes come in denominations of 5, 10, 20, 50, 100, 200, 500 and 1000 dirham. The dirham was introduced in 1973 to replace the Gulf rupee. The name dirham comes from the Greek word drachmae. In the past, it was also spelled as dirhem or dirhm. The dirham is pegged to the US dollar at a rate of 1 dirham = $0.27. The United Arab Emirates is a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. The capital city is Abu Dhabi. The United Arab Emirates has the seventh largest economy in the Arab world. The economy is diversified, with revenues from oil and gas, tourism, aviation, real estate, and financial services. The United Arab Emirates is a major tourist destination. It is home to some of the tallest skyscrapers in the world, including the Burj Khalifa, the tallest building in the world. Other attractions include the Dubai Mall, the world’s largest shopping mall, and the Dubai Fountain, the world’s tallest performing fountain. The United Arab Emirates is a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. The capital city is Abu Dhabi. The United Arab Emirates has the seventh largest economy in the Arab world. The economy is diversified, with revenues from oil and gas, tourism, aviation, real estate, and financial services. The United Arab Emirates is a major tourist destination. It is home to some of the tallest skyscrapers in the world, including the Burj Khalifa, the tallest building in the world. Other attractions include the Dubai Mall, the world’s largest shopping mall, and the Dubai Fountain, the world’s tallest performing fountain.