Can You Use US Dollars in Dubai?

By Anna Duncan

Are you planning a trip to Dubai and wondering whether you can use US dollars there? This is a common question among travelers, and the answer is not straightforward. In this article, we will explore the different aspects of using US dollars in Dubai.

What is the official currency of Dubai?

The official currency of Dubai is the United Arab Emirates Dirham (AED). It is denoted by the symbol “د.إ” or “AED” and abbreviated as DH or Dhs. The currency has been in circulation since 1973 and comes in denominations of 5, 10, 20, 50, 100, 200, 500, and 1,000 dirhams.

Can you use US dollars in Dubai?

Yes, you can use US dollars in Dubai, but it may not be widely accepted. Most businesses in Dubai prefer to deal with local currency for transactions.

While some shops and restaurants may accept US dollars for purchases, they may not offer a favorable exchange rate. It’s best to convert your money to AED before making any purchases.

Where can you exchange US dollars for AED?

You can exchange your US dollars for AED at any bank or licensed money exchange center in Dubai. These establishments offer competitive exchange rates, making it more cost-effective than exchanging your money at an airport or hotel.

What about credit cards?

Credit cards are widely accepted in Dubai with MasterCard and Visa being the most commonly used. American Express and Diners Club are also accepted but on a lesser scale. However, it’s always best to check if your credit card company charges foreign transaction fees before using it abroad.

Conclusion

While you can use US dollars in Dubai, it’s always best to have local currency on hand for day-to-day transactions. Exchange rates may not be favorable, and some businesses may not accept foreign currency. It’s recommended to exchange your money at a bank or licensed money exchange center for the best rates.

In conclusion, it’s always best to be prepared when traveling abroad and do some research ahead of time. By being informed about the local currency and exchange rates, you can avoid any inconvenience during your travels and enjoy all that Dubai has to offer.