The currency of Dubai is the Dirham (AED), which is divided into 100 fils. The dirham is pegged to the US dollar at a rate of AED 3.67 to USD 1.
The dirham is a relatively new currency, having been introduced in 1973. It replaced the Gulf rupee, which was the currency of the Trucial States, the predecessor to the United Arab Emirates.
The dirham is a stable currency and is widely accepted in Dubai. You can exchange your currency for dirhams at any bank or exchange bureau in Dubai.
Here are some of the most common dirham banknotes and coins:
Banknotes: 5, 10, 20, 50, 100, 200, 500
Coins: 5, 10, 25 fils, 1 dirham
When exchanging your currency for dirhams, it is important to get a good exchange rate. You can compare exchange rates online or at different exchange bureaus before making a transaction.
It is also important to be aware of the counterfeiting risk when exchanging currency. Be sure to check the security features of the dirham banknotes and coins before accepting them.
Here are some tips for using the dirham in Dubai:
- Use small bills and coins when possible. This will make it easier to make change and avoid being overcharged.
- Keep your dirhams in a safe place. Don’t carry large amounts of cash with you.
- Be aware of the counterfeiting risk. Check the security features of the dirham banknotes and coins before accepting them.
I hope this blog has helped you learn more about the Dubai currency. If you are planning to visit Dubai, be sure to exchange your currency for dirhams and be aware of the counterfeiting risk.
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