In Dubai, the currency is called the United Arab Emirates dirham (AED). The dirham is abbreviated as “د.إ” or “Dhs”. It is the official currency of the United Arab Emirates (UAE), which includes Dubai.
The United Arab Emirates Dirham (AED)
The dirham is the legal tender in Dubai and other emirates of the UAE. It was introduced in 1973, replacing the Qatar and Dubai riyal at a rate of 1 dirham to 0.1 riyal. Since then, it has been the official currency and plays a vital role in daily transactions within Dubai’s thriving economy.
Denominations
The United Arab Emirates dirham is available in different denominations, including coins and banknotes. Here are the current denominations:
- Coins:
- 5 fils
- 10 fils
- 25 fils
- 50 fils
- 1 dirham
- Banknotes:
- 5 dirhams
- 10 dirhams
- 20 dirhams
- 50 dirhams
- 100 dirhams
- 200 dirhams
Dubai’s Currency Exchange Facilities
Dubai has a well-developed financial infrastructure, and you can easily exchange your currency for dirhams at numerous exchange bureaus, banks, and even at the airport. Additionally, most hotels and shopping malls also have currency exchange facilities. It is recommended to compare the rates offered by different providers to get the best exchange rate.
Using Credit Cards and ATMs in Dubai
Dubai is a modern city with a wide acceptance of credit cards. Major international credit cards like Visa, Mastercard, American Express, and Diners Club are widely accepted in hotels, restaurants, shops, and tourist attractions. ATMs are also readily available throughout Dubai for convenient cash withdrawals.
Note: It is advisable to inform your bank or credit card company about your travel plans to Dubai to ensure that your cards will work seamlessly without any issues.
Final Thoughts
The United Arab Emirates dirham is the official currency of Dubai. Whether you are visiting for business or leisure purposes, it is essential to familiarize yourself with the local currency to ensure smooth transactions during your stay. Remember to check exchange rates before converting your money and consider using credit cards or ATMs for added convenience.
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