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UNITED ARAB EMIRATES (AED) ARAB DIRHAM
The Arab Dirham is the official currency of the United Arab Emirates. Its
international currency code is AED and it is represented by an Arabic symbol
though unofficially it is also referred to as DH or Dhs. 100 fils make a dirham.
The Arab dirham was introduced in 1973 when it replaced the Qatar and Dubai
riyal.
Currently in circulation
Coins that are currently in circulation are in the denominations of 1, 5, 10, 25
and 50 fils and 1 dirham. Banknotes are available in the denominations of 5, 10,
20, 50, 100, 200, 500 and 1000 dirham. The texts on the notes are in Arabic on
the front, while the reverse is in English.
Exchange facilities and traveller’s cheques
Most of the hotels provide foreign currency exchange facilities. Traveller’s
cheques are also widely accepted in the UAE but to avoid a service charge it is
advisable to carry travellers cheques in Us dollars or Pound Sterling.
Using credit/debit cards
The major credit cards are widely accepted in the UAE which include the American
Express, Diners Club, Visa and Mastercard.
Restrictions
There are no restrictions on the import or export of local or foreign currency
in the UAE.
United Arab Emirates: An overview
United Arab Emirates, also known as the UAE or the Emirates is situated on the
Arabian Peninsula. This mountainous and mostly desert country comprises of seven
former sheikhdoms, Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Umm al Qaiwain
and Ras al Khaimah. The Buraimi Oasis is located in Abu Dhabi. Dubai is
popularly known as the ‘Pearl of the Gulf’. The best time to visit the UAE is
between October and May with June to September being the hottest months. The
Dubai international airport duty free shop is known all over the world for its
excellent range of products at low prices and the fabulous luxury car raffles
can tempt anyone. Nightclubs can be found at the major centres and the large
hotels provide bars and cocktail lounges for foreign tourists.
A five star hotel accommodation would cost between AED 500/$136/£94/Є106 TO AED
3000/$817/£565/Є656 for a double room per night. A cheap restaurant with no
alcohol will cost about AED 10 /$2.72/£1.66/Є2 to AED 50/$13/£9/Є10 per person
while eating at a restaurant which also serves alcohol, would cost between AED
150/$49/£28/Є32 to AED 400/$109/£75/Є85. A bottle of wine at a restaurant would
cost between AED 150/$49/£28/Є32 to AED 250/$68/£43/Є57 while at a store or duty
free, it would cost between AED 10/$2.72/£1.66/Є2 to AED 200/$54/£37/Є42.
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