What Is The Currency In Dubai?

What Is The Currency In Dubai?

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The official currency of Dubai and the United Arab Emirates (UAE) is the United Arab Emirates dirham (AED). The dirham is divided into 100 fils. Banknotes come in denominations of 5, 10, 20, 50, 100, 200, 500, and 1,000 dirhams, while coins come in denominations of 1, 5, 10, 25, 50 fils and 1 dirham.

The dirham is pegged to the U.S. dollar at a fixed exchange rate of approximately AED 3.67 to $1. This means that the value of the dirham is tied to the value of the U.S. dollar and fluctuates with the value of the U.S. dollar.

It is important to note that the dirham is not widely accepted outside of the UAE, so it is a good idea to exchange your money into a widely accepted currency, such as U.S. dollars or euros, before traveling to Dubai. Credit cards and debit cards are widely accepted in Dubai, and it is also possible to withdraw cash from ATMs using a foreign bank card.

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