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Why is the AED a good currency?

The AED plays a significant role in international trade and investment by facilitating transactions with partners worldwide. Its stability and peg to the U.S. dollar make it an attractive currency for international investors, contributing to the UAE’s economic growth and global economic ties.

When did the AED become a currency?

The AED came into existence in 1973, replacing several regional currencies, including the Dubai riyal and the Qatar riyal. This transition marked a pivotal moment in the economic development of the UAE. Since its inception, the AED has remained a symbol of the country’s economic growth and stability.

What does the AED 1 coin symbolize?

The AED 1 coin features a Dallah, the traditional Arabic coffee pot, symbolising the Emirati culture of hospitality. Coffee, or Qahwa, is a central element of social gatherings, often served with dates. The Dallah depicted on the coin invites visitors to experience the warmth of Emirati hospitality.

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