What is the currency of United Arab Emirates?

The Emirati Dirham is the currency of United Arab Emirates. Our currency rankings show that the most popular Emirati Dirham exchange rate is the AED to USD rate. The currency code for Dirhams is AED, and the currency symbol is د.إ. Below, you'll find Emirati Dirham rates and a currency converter.

Which currency is used in international transactions?

The U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. It's known locally as a buck or greenback. The Arab Emirates dirham was introduced in 1973 to serve the seven countries of the United Arab Emirates.

What currency did the UAE use in 1959?

In 1959, they adopted the Persian Gulf Rupee, issued by the central bank of India, at a value equal to the Indian Rupee. The Indian Rupee devaluation of 1966 directly affected the value of the Gulf Rupee, so the UAE responded by introducing its own currency.