The Emirati Dirham is the official currency of the UAE, abbreviated officially as AED. Unofficial abbreviations include Dh and Dhs. The dirham is subdivided into 100 fils. Read about the history of Dirham.
The ‘Currency Board’ was established as per Union Law No. 2 of 1973, which was replaced by Law No. 10 of 1980 concerning the Central Bank, Monetary System and Organization of Banking (PDF, 550 KB).
The Currency Board issued the national currency that replaced the Bahraini Dinar and the Qatari and Dubai Riyal currencies that were in use at the time as per the website of the UAE Central Bank. The UAE dirham was introduced in circulation for the first time on 19 May 1973. The Qatar and Dubai riyal were in circulation since 1966 in all of the emirates except Abu Dhabi, where the dirham replaced the Bahraini dinar.
Coins are in the denominations of AED 1, 50 fils and 25 fils. The coins of 1, 5 and 10 fils are not used in everyday life. So, all amounts are rounded up or down to the nearest multiples of 25 fils.
Since 1976, the Currency Board and then Central Bank of the United Arab Emirates have minted several commemorative coins celebrating different events of the United Arab Emirates as below:
The first dirham notes, introduced in 1973, were in denominations of AED 1, 5, 10, 50 and 100. Three years later the AED 1,000 note was released. The first notes issued had both Arabic and English lettering, with various landmarks of the UAE printed on them. They were similar to those that are in circulation today. Explore more about the UAE’s currency in the Currency Museum.
The Central Bank of the United Arab Emirates issues the country's banknotes. To combat counterfeiting, a watermark of the national emblem appears on the obverse of each note.
Alongside currency used for everyday transactions, the CBUAE also mints commemorative coins to celebrate the many highlights and achievements of the United Arab Emirates.
Government entities, banks and the CBUAE are all entitled to request CBUAE to issue a commemorative gold, silver or circulation coin to mark an important occasion.
Read more about currency and coins.
Popular searches
