What is the status between arab dollar and US dollar Back to list

Member SinceJul 08, 2021

Posts 240


Nov 19, 2021 a 04:17
It's commonly referred to as DHS or DH. The United Arab Emirates Dirham dates back to at least 1973, when it replaced a number of currencies, including the Dubai riyal and the Qatar riyal. In Kuwaiti dinars, Iraqi dinars, Bahraini dinars, and Yemeni rials, the Basics Fils is a unit. There are five denominations of the dirham: 5, 10, 20, 50, 100, 200, 500, and 1,000 dirhams. 1 dirham is only available as a coin. The Central Bank of the United Arab Emirates prints the country's banknotes. The obverse of every note bears a watermark of the national insignia to prevent counterfeiting. Hawk of Quraish, a golden bird with a disk in the middle and seven stars and feathers surrounding it, one representing each of the seven Emirates. The United Arab Emirates had a gross domestic product of $421 billion in 2019, making it the 30th biggest economy in the world and the second-largest among Gulf Cooperation Council (GCC) countries. Except for Dubai, the emirates mainly rely on oil exports and natural gas deposits, but they are steadily diversifying their economies. Investors should consider the UAE dirham to be one of the world's most stable currencies in terms of exchange rates. It has been fixed against the US dollar since 1973. The exchange rate has been set at 1 US dollar to 3.6725 AED since 1997.

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