AED – Emirati Dirham

Emirati Dirham Overview

The Emirati Dirham is that the currency of United Arab Emirates.Tthe currency code for Dirhams is AED, and therefore the currency image is د.إ.

UAE introduced the primary dirham in December 1971, replacement the Qatar and urban center riyal at par. Before the introduction of the UAE dirham, the Qatar and urban center Riyal was widely utilized in all emirates except in United Arab Emirates’s capital that had started exploitation the dirham in situ of the Bahraini Dinar.

Prior to 1966, all Emirates used the Gulf rupee because of the currency for money transactions.The dirham was formally joined to the IMF’s Special Drawing Rights since Gregorian calendar month twenty-eight, 1978, however, was principally joined to the North American nation greenback.

The name dirham was derived from the Greek word “Drachmae” which means ‘handful’ in Latin.

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