Currencies

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.


ISO 4127:
AED
Numeric:
784
1.00 UAE Dirham = 0.27 US Dollar
(date: 08/17/2018)



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Exchange rate history 10 AED in USD

The two currencies are directly interdependent and have a fixed conversion rate.



UAE Dirham as currency

CountryRegion
United Arab EmiratesWestern Asia




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

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean