100 Dirham (Emirati dirham)

The Emirati dirham is the official currency of the United Arab Emirates. It was introduced in 1973 and is pegged to the US dollar. One Emirati dirham is divided into 100 fils. The dirham is issued by the Central Bank of the UAE.

Dirham

The Emirati dirham is the official currency of the United Arab Emirates. It is divided into 100 fils and is abbreviated as AED. The dirham was introduced in 1973 to replace the Qatar and Dubai riyal at par. When oil prices collapsed in 1986, the UAE peg to the US dollar was abandoned and the dirham devalued by around 10%. Since then it has been pegged to a basket of currencies. The dirham is issued by the Central Bank of the UAE.

In 2001, 50-, 20- and 10-dirham notes were introduced, followed by 500-dirham notes in 2002 and 1,000-dirham notes in 2006. In 2018, a new 5-dirham note was introduced with a revised portrait of Sheikh Zayed. 5-, 10-, 20-, 50-, 100-, 200-, 500- and 1,000-dirham notes are currently in circulation.

How much is 100 Emirati dirhams in US dollars?

As of July 2020, 100 Emirati dirhams is equivalent to approximately 27 US dollars. This means that one Emirati dirham is worth approximately 0.27 US dollars. The value of the Emirati dirham has remained relatively stable against the US dollar over the past few years.

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How can I get the best exchange rate for my dirhams?

When it comes to exchanging your dirhams, there are a few things you can do to get the best rate possible. First, it’s important to know what the current exchange rate is so you can compare rates and get the best deal. You can find this information online or by calling your bank.

Next, you’ll want to shop around for the best exchange rate. Some banks and currency exchange companies offer better rates than others. It’s a good idea to compare a few before making a decision.

Finally, remember that the rate you’re offered will also depend on how much money you’re exchanging. The more dirhams you have, the better your chances of getting a good exchange rate.

Conclusion

The dirham is the official currency of the United Arab Emirates. It is subdivided into 100 fils. The UAE dirham was introduced on 19 May 1973. The name “dirham” comes from the Greek word drachmae, which was used in Ancient Greece as a unit of weight and currency.