The official currency of Dubai is the Dubai Dirham (AED). As a global hub for business and luxury tourism, the city widely accepts the Dirham, reflecting its status as a key financial and commercial center in the United Arab Emirates.
The Dubai Dirham is available in various denominations, including banknotes and coins:
It is helpful to be aware of the approximate exchange rates for the Dubai Dirham:
The Dubai Dirham (AED) has a relatively short history, dating back to the early 1970s. It was officially issued a year after the formation of the United Arab Emirates in 1971. The first Dirham currency notes were issued in denominations of 1, 5, 10, 50 and 100. The 1000 Dirham denomination was introduced a few years later. These notes were later replaced by new currency notes with falcon watermarks and historical landmarks from each emirate.
In recent years, Dubai has seen a significant increase in digital payments and a move away from cash transactions. Mobile payments and digital wallet services have gained popularity. This transition towards cashless transactions aligns with the UAE’s vision of becoming a cashless economy, thanks to the convenience, speed and efficiency of digital payments. Cybersecurity and fraud prevention measures have also been enhanced to ensure the security of digital transactions.
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The Currency of Dubai is Dubai Dirham (AED).
Dubai Dirham banknotes come in denominations of 5, 10, 20, 50, 100, 500 and 1000 dirhams. Coins include 1 dirham, 50 fils and 25 fils.
1 Dubai Dirham (AED) is approximately equal to 45 Indian Rupees (INR).
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