UNITED ARAB EMIRATES

(AED) Currency News >>

CURRENCY:

UAE Dirham - AED

DENOMINATIONS:

NOTE: AED1,000, 500, 200, 100, 50, 20, 10 and 5.

COIN: AED1, and 50, 25, 10 and 5 fils

Please note that this currency is tied to the US dollar.

US DOLLAR ACCEPTED?

N/A

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are widely accepted.

CURRENCY EXCHANGE:

Easiest at hotels.

TRAVELLER'S CHEQUES:

Widely accepted and are best in US dollars or Sterling.

BANKING HOURS:

Sat-Wed 0800-1300, Thurs 0800-1200. Some banks are open in the evenings on Saturdays to Wednesdays.

CURRENCY RESTRICTIONS:

N/A

COUNTRY OVERVIEW:

The United Arab Emirates - or UAE - is made up of seven states, these are located in Southwest Asia near the Arabian Peninsula. The capital is Abu Dhabi but the largest city is Dubai. The official language is Arabic.

POPULATION:

Around 4.5 million.

ECONOMY:

The United Arab Emirates are rich in oil and natural gas. The economy is growing on a rapid scale. Other sectors of the economy have been worked upon so that there is not too much reliance on natural resources, though these still make up an important part of the economy. The UAE are home to the largest artificial islands in the world - the Palm Islands. Tourism is becoming increasingly important to the economy.