500 Dirhams (Emirati Dirham)
500 Dirhams (Emirati Dirham). The Emirati Dirham is the currency of the United Arab Emirates. It is pegged to the US Dollar at a rate of 1 USD = 3.67 AED. The dirham is subdivided into 100 fils. The Emirati Dirham was introduced in 1973 to replace the Qatar and Dubai Riyal. It was initially pegged to the IMF’s special drawing rights (SDR). In 1978, it was pegged to the US Dollar at a rate of 1 USD = 3.67 AED. The dirham was subdivided into 100 fils. In May 1997, the dirham was revalued at 1 AED = 0.272294 US dollars, which resulted in a rate of 1 USD = 3.673 AED. The dirham was subdivided into 100 fils. As of January 2017, the Emirati Dirham is the world’s 21st most traded currency, with a daily trading volume of approximately US$19 billion.
What is the Emirati Dirham?
The Emirati Dirham is the official currency of the United Arab Emirates. It was introduced in 1973 and has been pegged to the US Dollar since 1997. One Emirati Dirham is divided into 100 fils. The dirham is issued by the Central Bank of the United Arab Emirates.
Coins come in denominations of 1, 5, 10, 25, 50 and 100 fils, as well as 1 dirham. Banknotes come in denominations of 5, 10, 20, 50, 100 and 500 dirhams.
The Emirati Dirham is a closed currency, which means that it can only be traded within the United Arab Emirates.
How much is 500 Dirhams in US dollars?
As of September 2020, 500 Dirhams is equal to 136.07 US dollars. This means that for every Dirham you have, you can exchange it for about 27 cents in American currency. The Emirati Dirham has been relatively stable against the US dollar over the past year, though there have been some fluctuations. Overall, though, the Dirham has remained strong against the dollar, and 500 Dirhams is still a decent amount of money in American currency.
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What can you buy with 500 Dirhams in the UAE?
In the UAE, you can purchase a wide variety of items with 500 Dirhams. For example, you could buy new clothes, shoes, and accessories from popular brands like Zara and H&M. You could also get your hair cut and styled at a high-end salon. If you’re looking for something to do on a night out, you could buy tickets to see a movie at VOX Cinemas. And if you’re looking for a souvenir to take home with you, you could purchase a traditional Arabic coffee set or hand-painted pottery from one of the many souks in the country.
How to save money while living in the UAE
Saving money while living in the UAE can be difficult, as the cost of living is relatively high. However, there are a few ways to save money.
One way to save money is to cook at home rather than eating out. Eating out can be expensive, so cooking at home can help you save money. Another way to save money is to shop at local markets for groceries and other items rather than shopping at Western-style supermarkets, which tend to be more expensive. Finally, you can save money by using public transportation instead of taking taxis or renting cars.
The 500 Dirhams is a great way to save money while still enjoying the luxuries of life. With a little bit of planning, you can easily make your way in and out of the 500 Dirhams without breaking the bank. By following our tips, you’ll be able to enjoy all that the Emirati Dirham has to offer without overspending.
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