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AED

UAE Dirham (AED) | Currency Rates and Info | XS

Learn about the UAE Dirham (AED), its symbol د.إ, and its use as the official currency of the United Arab Emirates. Get currency info, exchange rates, and detailed insights.

Overview

The United Arab Emirates Dirham (AED) is the official currency of the UAE. It is divided into 100 fils and is pegged to the U.S. dollar. The dirham plays a major role in regional trade and finance, supported by the UAE’s position as a global hub for business and tourism.

Role in the Economy

Economic Position: The UAE is one of the strongest economies in the Middle East, with a high GDP per capita.
Key Drivers: Oil and gas, aviation, logistics, real estate, and tourism are leading sectors.
Global Trade: The dirham is regionally important, especially through Dubai’s role as a global trade and financial center.
Memberships: The UAE is a member of OPEC, WTO, IMF, and GCC.
Imports and Exports: Imports include machinery, vehicles, and consumer goods. Exports include crude oil, refined petroleum, and aluminum.
Economic Outlook: The dirham remains stable due to its peg to the U.S. dollar and the UAE’s diversified economy.

Historical Background

The UAE Dirham was introduced in 1973, replacing the Qatari and Dubai riyal. It has been pegged to the U.S. dollar since the 1990s, ensuring stability and investor confidence. The dirham has since become one of the most reliable currencies in the region.