The name of the currency in Dubai and in the United Arab Emirates is AED ( Arab Emirate Dirham ). AED has 6 coins (Fils) and 8 bills. The exchange rate of the Dirham is tied to the US Dollar and this is 3.67 AED for 1 US Dollar. The fixed rate is due to the trading of oil, otherwise the oil price would fluctuate too much.
What currency is used in the United Arab Emirates?
Since 1997, the United Arab Emirates dirham has been pegged to the U.S. dollar at the rate of 1 dollar to 3.6725 dirhams. As most of the world’s currencies aren’t pegged to the dollar, you should expect to see daily fluctuations when trading in anything other than U.S. dollars. You should have no trouble exchanging your local currency into dirhams.
How many Fils in a DH in Dubai?
Some people also call it Dh or Dhs. One Emirati Dirham contains 100 fils. To shop in top Dubai malls, dine out, or indulge in entertainment, you must carry the Emirati Dirham for transactions. Before moving ahead, let’s have a look at the brief history of Dubai currency:
