United Arab Emirates Dirham (AED) Profile
United Arab Emirates dirham AED converter to world currencies »
DH or Dhs
United Arab Emirates (Federation of seven emirates including Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain)
Pegged with U.S. dollar = 3.6725 dirhams
United Arab Emirates dirham users
The United Arab Emirates dirham is the currency of the United Arab Emirates (sometimes simply called the Emirates or the UAE) which is a West Asian Arab country. It locates in the southeast of the Arabian Peninsula and on Persian Gulf.
Once after independent from the United Kingdom, UAE was established on December 2, 1971. It is a federation of seven constituent emirates. They are Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah, and Fujairah. Each emirate is governed by a hereditary emir and the federation is governed by a Federal Supreme Council made up of these seven emirs. The president and prime minister of the federation are chosen from the seven emirs.
United Arab Emirates dirham history
The United Arab Emirates dirham was introduced on May 19, 1973, replacing the Qatar and dubai riyal at par and Bahraini dinar (BHD) at 1 AED =0.1 BHD. The Bahraini dinar was used in Abu Dhabi from 1966 to 1973, while other six emirs used Qatar and dubai riyal during these years. Before 1966 back to 1959, the currency of Gulf rupee was used among all the seven emirs.
Qatar and Dubai riyal actually briefly adopted the Saudi riyal (SAR) which was with a rate of Indian rupee at 1 SAR= 1.065 INR in 1966. The exchange rate of Saudi riyal and the Indian rupee is at 1 SAR =14.6451 INR as per date of March 1, 2013.
Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 1 BHD =10 Gulf rupees. Gulf rupee was at par with Indian rupee until 1966. The exchange rate of Bahraini dinar and the Indian rupee is 1 BHD =145.608 INR as per date of March 1, 2013.
The Gulf rupee, also known as the Persian Gulf rupee was used in the countries of the Persian Gulf and the Arabian Peninsula, equivalent to the Indian Rupee until 1966. The exchange rate of the United Arab Emirates dirham and the Indian rupee is 1 AED= 14.7993 INR as per date of March 1, 2013.
The United Arab Emirates dirham has been pegged to the U.S. dollar at a rate of 1 USD =3.675 AED since November 1997.
United Arab Emirates dirham coins and banknotes
The United Arab Emirates dirham is subdivided into 100 fils.
Currently in circulation coins are in denominations of 25, 50 fils and 1 dirham, and banknotes are in denominations of 5, 10, 20, 50, 100, 200, 500, 1000 dirhams.
United Arab Emirates dirham and the currency of rupee
The first rupee was introduced in the sixteenth century. It is still being used by many countries including India, Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, Maldives, Indonesia (as the rupiah). It was formerly used in Burma, Afghanistan and many countries of Persian Gulf and the Arabian Peninsula.
United Arab Emirates used Gulf rupee between 1959 and 1966, equivalent to the Indian rupee.
|Nations||Currency name||Code||1 USD=||1 EUR=||1 GBP=||Notes|
|Afghanistan||Afghan afghani||AFN||51.9798||67.6616||78.0652||The Afghani replaced Rupee in 1925.|
|Myanmar (Burma)||Myanmar(Burma)kyat||MMK||861.497||1121.44||1293.72||Myanmar (Burma) Kyat replaced Rupee in 1952 at par.|
|United Arab Emirates||United Arab Emirates dirham||AED||3.673||4.78127||5.51579||Gulf rupee was used in the United Arab emirates between 1959 and 1966, equivalent to the Indian rupee.|
|Bahrain||Bahraini dinar||BHD||0.37703||0.49075||0.56618||1. Gulf rupee was used in Bahrain between 1959 and 1966, equivalent to the Indian rupee.
2. Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 1 BHD =10 Gulf rupees.
|Kuwait||Kuwaiti dinar||KWD||0.28375||0.36934||0.4261||1. Gulf rupee was used in Kuwaiti between1959 and 1961. It was equivalent to the Indian rupee.
2. Kuwaiti dinar was introduced in 1961, replacing the Gulf rupee at 1 dinar = 13⅓ Gulf rupee.
|Oman||Omani rial||OMR||0.38505||0.50119||0.57822||1. Gulf rupee was used in Oman from 1959 to 1970 and was replaced by Oman rial Saidi at a rate of approximately 1 rial Saidi =21 Gulf rupees.
2. Oman rial was introduced in 1973, replacing the rial Saidi at par.
|Nations||Currency name||Currency code||1 USD=||1 EUR=||1 GBP=||Notes|
|Indonesia||Indonesian rupiah||IDR||9675.00||12592.3||14527.2||The Indonesian rupiah was introduced on 2 January 1949.|
|India||Indian rupee||INR||54.9081||71.4646||82.4457||The Indian rupee started to replace the various rupee currencies used by Indian autonomous states since 1845 and got all replaced by 1961.|
|Maldives||Maldivian rufiyaa||MVR||15.400||20.0433||23.1257||The Maldivian rufiyaa was introduced in 1947 with equal value to the rupee.|
|Mauritius||Mauritian rupee||MUR||30.930||40.2559||46.4468||The Mauritian rupee was introduced in 1876.|
|Nepal||Nepalese rupee||NPR||87.8971||114.404||131.990||The Nepalese rupee was introduced in 1932.|
|Pakistan||Pakistani rupee||PKR||98.2574||127.889||147.548||The Pakistan rupee was introduced after the partition from British India in 1947.|
|Seychelles||Seychelles rupee||SCR||12.3732||16.1046||18.5802||The Seychelles rupee was introduced in 1914.|
|Sri Lanka||Sri Lanka rupee||LKR||127.429||165.874||191.379||The Sri Lanka Rupee was used since January 1872.|