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Dirham exchange rate in the world market

Article image: Dirham exchange rate in the world market

Dirham is the national currency of the United Arab Emirates. One dirham is equal to one hundred fils. The Arab Dirham was put into circulation in 1973 after the United Arab Emirates have gained its independence. At the moment, the Arab Dirham is represented by bills of 5, 10, 20, 50, 100, 200, 500 and 1000 dirhams, each in color (brown, green, blue, purple, pink, brown, dark blue, respectively) and design. The text on the obverse of the banknote is written in Arabic. The inscription on the reverse side is in English. The exchange rate of a dirham compared to a US dollar is always fixed, i.e., the dirham is tied to the US dollar.

Banknotes of different denominations have the unique design and contain images of Arab attractions (mosques, a farm, a traditional marine vessel, the coastal zone of Abu Dhabi, the Central Bank, Dubai World Trade Center, etc.)

Useful information about the Dirham exchange rate

Dirham is used in both Dubai and the UAE as a whole. The currency in the United Arab Emirates and all issues related to it are regulated by the Central Bank of the United Arab Emirates. The Central Bank of the UAE was founded in 1973. The board of the bank consists of the Board of Directors and senior management. The Central Bank has branches in Dubai, El Fujayre, El Ain, Sharjah and Ras Al Khaimah.

The main responsibility of the Central Bank of the UAE is the management of banks, foreign exchange policy, as well as the balanced growth of the UAE's national economy. The central bank is also obliged to keep the fixed exchange rate of the dirham to the US dollar, ensuring its free conversion to other national currencies. More information about the work of the Central Bank of the UAE can be found here: https://www.centralbank.ae/en/

What is the exchange rate of dirham compared to the US dollar? Since November 1997, the dirham is tied to the US dollar at a rate of 1 US dollar = 3.67 dirhams or 1 dirham = 0.2722 US dollars. Thus, the dirham completely dependent on the US dollar, it falls and grows with it. If you are interested in the dirham rate and some other national currency, use the following website to convert an Arabic dirham: http://www.xe.com/currency/aed-emirati-dirham The following table contains information about the current dirham exchange rate and the most common currencies in the world. The Dirham exchange rate for common world currencies*:

Currency

For 1 dirham

US dollar

0,27 USD

Euro

0.23 EUR

Russian Ruble

15.93 RUR

Chinese Yuan

1.79 CNY

English Pound

0.20 GBP

Canadian Dollar

0,35 CAD

Australian Dollar

0.36 AUD

Japanese Yen

30,93 JPY

Swiss Franc

0,27 CHF

*(as of December 21, 2017)

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