Countries that use the UAE Dirham
The UAE Dirham was established in 1971 as an official national currency and is used only in the United Arab Emirates. 1 Dirham is devided into 100 Fils.
The UAE Dirham is tied to the US Dollar
with a fixed exchange rate. Therefore, 1 Dirham always equals to 0.2723 US Dollar.
1.00 UAE Dirham = 0.27 US Dollar
Exchange rate history 10 AED in USDThe two currencies are directly interdependent and have a fixed conversion rate.
UAE Dirham as currency
Currency reserves for the UAE Dirham
According to the International Monetary Fund, the total broad money (M3) amounted to AED 1,225.46 billion at the end of 2016. For currency hedging, reserves were held in a total amount of 313.60 billion Dirhams. This corresponds to a ratio of 1:3.9. Or in other words: 1 of 4 Dirhams is deposited with a countervalue, which is internationally already above average.
Approximately 1.0 billion Dirhams (0.3%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.Worldwide currency and gold reserves
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