Currency of Dubai

The local currency in Dubai is called United Arab Emirates Dirham. The abbreviation for UAE Dirham is AED or DH both used internationally with the sole exception is that AED is used before the actual value while DH we write after the value. When arriving in the United Arab Emirates, it is wise to exchange some money but do it always in banks. Some Middle Eastern countries do not allow you to take out their currency abroad and there is not much chance to exchange or buy these abroad either. Normally tourists like to change their currency back before travel.

The AED is used as a currency since the late Sixties in the whole area in Dubai and the whole United Arab Emirates too of course. It's interesting to note that there are a short period in the life of Dubai, when the local currency had been Indian Rupees. This period has ended in the Sixties but there are still some older residents mentioning Dirham as Rupees for this very reason. When you arrive in Dubai, it is wise if you will exchange some of your money to Dirham. Unlike other countries, the airport of Dubai is a good place for exchanging money. The Monetary Fund's Special Drawing Right regulates the currency in Dubai (UAE) and it in real regulates currency in Dubai in a way that it follows the monetary movement of the USD as opposed to other currencies on the global market. The main and easiest conversion of currency in Dubai (UAE) is: 1 USD = AED 3.65

One hundred Fil equals one Dirham. There are coins though, which are called just Chicklets that you may get at petrol stations if you do not oppose. These are not money for you to use so try not to accept it but ask for normal money. Dubai people are notorious for not giving you the exact change when you pay with cash so always count through before leaving a place. You can try to avoid using the UAE currency in Dubai by mostly using credit cards but of course, there are situations when this is not possible. The ATMs accept Mastercard and Visa but take care with AMEX and other cards as they can be turned down. Good examples for this are Diner's Club and Discovery credit cards.

The United Arab Emirates used to share a plan with the other Gulf Countries to establish their own and common currency but the plans have been delayed to 2015. As of now, UAE currency in Dubai is the one which is mostly used although in some stores you can also pay with USD. EUR is not that much accepted. You can find the following bank notes and coins of UAE currency in Dubai: 5,10,20,50,100,200,500 and 1000 Dirham. As for the coins, you will see them in 1, 5, 10, 25 and 50 fils and 1 dirham. The old style silver 1 dirham looks really great, if you are lucky you may receive one. As you see the UAE currency in Dubai is multicoloured and do not be surprised either if someone will tell you Rupees for the upper mentioned reason.

Banks of Dubai:
Abu Dhabi Islamic Bank, Arab Bank Dubai, Bank of America Dubai, Bank of Baroda Dubai, Barclays Bank Dubai, Citibank Dubai, Commercial Bank of Dubai, Deutsche Bank Dubai, Dubai Islamic Bank, Emirates NBD, First Gulf Bank, Habib Bank Dubai, HDFC Bank Dubai, HSBC Bank Dubai, Mashreq Bank Dubai, Noor Islamic Bank, RAK Bank Dubai, Samba Bank Dubai, SBI Bank Dubai, Standard Chartered Bank, Union Bank of India

Dubai Banking:
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