20 Emirati Dirham
20 Emirati Dirham. As the cost of living in the UAE continues to rise, many residents are finding it difficult to make ends meet. In this blog post, we will take a look at how much money is actually needed to live comfortably in the UAE. We will also explore some ways to save money, whether you are on a tight budget or just looking to cut back on your spending. From eating out to transportation and more, read on for some tips on how to save money in the UAE.
What is the 20 Emirati Dirham?
The 20 Emirati Dirham is one of the denominations of UAE currency. It is subdivided into 100 fils. The dirham was introduced in 1973 to replace the Qatar and Dubai riyal at par. The Qatar and Dubai riyals had circulated since 1966 in all of the Emirates except Abu Dhabi, where the dirham was introduced. The 20 Emirati Dirham note is green, orange and brown in color, and features a portrait of Sheikh Zayed bin Sultan Al Nahyan on the front side, and the Emblem of the United Arab Emirates on the back side.
The Different Types of 20 Emirati Dirhams
The 20 Emirati dirham note is the highest-denomination banknote of the United Arab Emirates. It was introduced on 19 May 1973. The note is green, and its obverse side features a portrait of Sheikh Zayed bin Sultan Al Nahyan, the first President of the UAE. The reverse side features an image of a date palm tree.
As of May 2020, there are four different types of 20 Emirati dirham notes in circulation:
1. The 1973 Issue
The first 20 dirham banknote was introduced in 1973, during the reign of Sheikh Zayed bin Sultan Al Nahyan. This note featured a portrait of Sheikh Zayed on the obverse side, and an image of a date palm tree on the reverse side. This note was issued until 1980, when it was replaced by the second type.
2. The 1980 Issue
The second type of 20 dirham banknote was introduced in 1980, and featured a new portrait of Sheikh Zayed on the obverse side. The reverse side still featured an image of a date palm tree. This note was issued until 1997, when it was replaced by the third type.
3. The 1997 Issue
The third type of 20 dirham banknote was introduced in 1997, and featured a new portrait of Sheikh Zayed on the obverse side. The reverse side now featured an image of the Burj Khalifa, which is currently the tallest building in the world.
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Pros and Cons of a 20 Emirati Dirham
The Emirati dirham has been pegged to the US dollar since 1997, and as a result, its value does not fluctuate based on economic conditions in the UAE. This peg makes the dirham a stable currency, which is attractive to investors and businesses. However, it also means that the dirham is subject to the same inflationary pressures as the US dollar.
The dirham is used in both the UAE and Oman, which gives it a wide acceptance rate. This can be helpful when traveling or conducting business in either country. However, it also means that the dirham is influenced by economic conditions in both countries.
The value of the dirham has remained relatively stable over time. However, there have been periods of volatility, such as during the global financial crisis in 2008-2009. During these periods, the dirham may lose value against other currencies.
The Emirati Dirham is a strong currency, and it’s only getting stronger. However, there are still some things that you can get for a great price if you know where to look. In this article, we’ve given you 20 examples of things that you can get for a steal if you’re willing to pay in Dirhams. From food to clothes to experiences, there’s something on this list for everyone. So next time you’re in the UAE, be sure to take advantage of these amazing deals!
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