What Is The Currency In Dubai?

The currency in Dubai is called Dirham (DH). Dubai has a very rich economy mainly thanks to years of oil production. However, the main income for the Dubai economy is fast becoming tourism.
The landscape of Dubai is changing by the day with more and more skyscrapers and luxury hotels being built to meet the demand, the tourist trade has brought in. For a deeply religious part of the world, Dubai has embraced western culture to a level many other cities and countries have not.

Dubai was rated the 44th richest city in 2007 by the City Mayors survey and it can be argued they will probably be further up the list now thanks to the influx of tourist and outside money. If you are wishing to find out the currency of a country, then there are some very useful websites available that have a long list of all the countries in the world and their respected currencies.

You can view some of these websites at the following links:

· www.jhall.demon.co.uk/currency/by_country.html
· en.wikipedia.org/wiki/List_of_circulating_currencies
· www.countries-ofthe-world.com/world-currencies.html

You may also be interested in checking exchange rates between different countries currencies and again there are plenty of websites available that can assist you with doing this task.
Some currency conversion websites can be found at:

· www.xe.com/ucc/
· www.gocurrency.com/
· fx-rate.net/

The currency of Dubai and the rest of the United Arab Emirates (UAE) is known as the dirham. The International Standards Organisation (ISO) 4217 code gives abbreviated code names for each currency. According to the ISO 4217 code, the standard abbreviation for the United Arab Emirates dirham is AED. Unofficially, the common abbreviations Dh. Or Dhs. Are also widely recognised and accepted. The dirham is the chief unit of currency of the United Arab Emirates. It is divided into 100 fils. The rate of inflation in the United Arab Emirates is pegged at about four-and-a-half per cent per annum, according to an estimate in the 2005 edition of The World Factbook. The dirham is pegged with the United States dollar.    The foreign exchange rate is U.S$1.00 is equivalent to 3.6725 dirhams. The apex banking institution of the UAE is called the Central Bank of the United Arab Emirates. The banknotes are issued in the denominations of AED 5, 10, 20, 50, 100, 200, 500 and 1,000, and the coins are issued in the denominations of 1 fils, 5 fils, 10 fils, 25 fils, 50 fils and AED 1.