Dubai is one of the most popular tourist destinations in the world. It is known for its luxurious lifestyle, modern architecture, and world-class shopping experiences. If you are planning a trip to Dubai, it is essential to know about its currency.
The official currency of Dubai is the UAE Dirham (AED). It is abbreviated as Dhs or AED and is commonly referred to as the Emirati Dirham. The AED was introduced in 1973 to replace the Qatar and Dubai Riyal.
The UAE Dirham comes in different denominations including 5, 10, 20, 50, 100, 200, 500 and 1,000 dirhams. Each denomination has a unique color and design making it easy to identify them.
Exchanging Currency in Dubai
If you are traveling to Dubai from another country, you can exchange your currency for AED at any foreign exchange bureau or bank. You can also withdraw cash using your debit or credit card from ATMs located across the city.
It’s important to note that some smaller shops and restaurants may not accept credit cards so it’s advisable to have some cash on hand just in case.
The Best Time to Exchange Currency
The best time to exchange currency depends on various factors such as market fluctuations and economic conditions. However, it’s generally recommended that you exchange your currency before traveling as it may be difficult to find good exchange rates once you arrive in Dubai.
- Exchange your currency at authorized banks or foreign exchange bureaus.
- Avoid exchanging money at hotels or airports as they usually offer lower exchange rates.
- Compare rates offered by different banks and bureaus before making a decision.
Currency Exchange Rates
Currency exchange rates fluctuate depending on various factors such as global political and economic conditions. The exchange rate between your home currency and the UAE Dirham will determine how much money you will get when exchanging currencies.
You can check the latest exchange rates online or at a foreign exchange bureau. It’s important to note that some bureaus may charge a commission fee for their services.
Conclusion
In summary, the official currency of Dubai is the UAE Dirham (AED). It is advisable to exchange your currency before traveling to Dubai as it may be difficult to find good exchange rates once you arrive. Exchange your currency at authorized banks or foreign exchange bureaus, and compare rates offered by different providers before making a decision.
By following these tips, you can ensure that you have enough cash on hand for a hassle-free trip to Dubai.
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