50 Dirham (Emirati Dirham)
For those of you who don’t know, the 50 Dirham is a note in the Emirati Dirham, which is the currency of the United Arab Emirates. The 50 Dirham note was introduced in 1982, and since then, has undergone several design changes. The most recent design was introduced in 2006. It features a portrait of Sheikh Zayed bin Sultan Al Nahyan, the founder of the UAE. On the front of the note, there is also a picture of the Burj Khalifa. The back of the note features an image of traditional Arabic architecture.
The Dirham: What is it?
The dirham is the currency of the United Arab Emirates (UAE). It is subdivided into 100 fils. The name dirham comes from the Greek word drachmae, which was used as currency in the Roman Empire and means “handful” or “decree”. The first dirham was introduced in 1973, replacing the Qatar and Dubai riyal at par. With the introduction of the UAE dirham, all GCC countries (except Kuwait) had a unified currency.
The Dirham’s Value
The Dirham is the official currency of the United Arab Emirates (UAE), and its value is pegged to the US Dollar. One dirham equals approximately $0.27 USD. The dirham was introduced in 1973, replacing the Qatar and Dubai riyal at a rate of 1 dirham = 0.1 riyal.
The Dirham in Comparison to Other Currencies
Other currencies in the Middle East are pegged to the US dollar. This gives the dirham an advantage in regional transactions. The dirham is also used in many African countries as a result of strong trade ties between the UAE and Africa.
The dirham is one of the strongest currencies in the world and is on par with major currencies such as the US dollar, euro and pound sterling. One dirham is equivalent to approximately USD 0.27 or EUR 0.24.
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Overall, the 50 Dirham is a versatile and affordable way to travel in and out of the United Arab Emirates. With its many benefits, it’s no wonder that this mode of transportation is becoming increasingly popular among residents and tourists alike.
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