{"id":117650,"date":"2024-10-14T15:30:00","date_gmt":"2024-10-14T11:30:00","guid":{"rendered":"https:\/\/www.propertyfinder.ae\/blog\/?p=117650"},"modified":"2025-01-29T10:49:32","modified_gmt":"2025-01-29T06:49:32","slug":"dubai-currency","status":"publish","type":"post","link":"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/","title":{"rendered":"All About Dubai Currency: History, Exchange Rates and More"},"content":{"rendered":"<p>Are you all set to move to Dubai? Have you arranged for Dubai currency to be used here? Do you know that most retail shops in the UAE don&rsquo;t accept foreign currencies?<\/p><p>Therefore, before relocation, the first thing to do is to get an idea about Emirati Dirhams, their denominations, and exchange rates. Let&rsquo;s begin!<\/p><ul class=\"wp-block-list\">\n<li><a href=\"#h-emirati-dirham-a-brief-overview\">Emirati Dirham &ndash; A Brief Overview<\/a><\/li>\n\n\n\n<li><a href=\"#h-currency-in-circulation-the-present\">Currency in Circulation &ndash; The Present<\/a><\/li>\n\n\n\n<li><a href=\"#h-currency-violation-laws\">Currency Violation Laws<\/a><\/li>\n\n\n\n<li><a href=\"#h-currency-exchange-rates\">Currency Exchange Rates<\/a><\/li>\n\n\n\n<li><a href=\"#h-currency-exchange-services-dubai\">Currency Exchange Services Dubai<\/a><\/li>\n\n\n\n<li><a href=\"#h-faqs\">FAQs<\/a><\/li>\n<\/ul><h2 class=\"wp-block-heading\" id=\"h-emirati-dirham-a-brief-overview\">Emirati Dirham &ndash; A Brief Overview<\/h2><p>Emirati Dirham, introduced in 1973 is the official currency of Dubai. Its official abbreviation is AED. Some people also call it Dh or Dhs. One Emirati Dirham contains 100 fils.&nbsp;<\/p><p>To shop in <a href=\"https:\/\/www.propertyfinder.ae\/blog\/top-malls-in-dubai\/\" target=\"_blank\">top Dubai malls<\/a>, dine out, or indulge in entertainment, you must carry the Emirati Dirham for transactions.<\/p><h3 class=\"wp-block-heading\" id=\"h-history-of-dubai-currency\">History of Dubai Currency<\/h3><p>Before moving ahead, let&rsquo;s have a look at the brief history of Dubai currency:<\/p><ul class=\"wp-block-list\">\n<li>Initially, since 1966, there were three currencies in circulation in the UAE. Abu Dhabi had the Bahraini Riyal. Dubai and other Emirates had the Qatar Riyal and Dubai Riyal as the transaction currencies.<\/li>\n\n\n\n<li>As per the Union Law No. 2 of 1973, to standardise currency throughout the Emirates, a &lsquo;Currency Board&rsquo; was established.<\/li>\n\n\n\n<li>The currency board took the major step of replacing all the currencies with a single official currency throughout the Emirates. As a result, on 19 May 1973, the UAE Government announced Emirati Dirham as its official currency.<\/li>\n\n\n\n<li>Established in 1980, the Central Bank of the UAE (CBUAE) took charge of all currency-related matters in the Emirates.<\/li>\n<\/ul><h3 class=\"wp-block-heading\" id=\"h-evolution-of-dubai-currency\">Evolution of Dubai Currency<\/h3><figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/00-1.jpg\" alt=\"Evolution of Dubai currency fils over time\n\" class=\"wp-image-141623\" srcset=\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/00-1.jpg 1000w, https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/00-1-400x267.jpg 400w, https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/00-1-800x534.jpg 800w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure><p>Let&rsquo;s explore the period of evolution of Emirati coins and paper notes:<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year<\/strong><\/td><td><strong>Evolution<\/strong><\/td><\/tr><tr><td>1973<\/td><td>The first Emirati currency was introduced in the form of coins of different denominations. These were AED 1, 5, 10, 25 and 50 fils. Moreover, paper currency also came into circulation in the same year. The denominations for paper bills were AED 1, 5, 10, 50, and 100.<\/td><\/tr><tr><td>1976<\/td><td>This year, CBUAE introduced AED 1000 paper bills.<\/td><\/tr><tr><td>1982<\/td><td>After the CBUAE establishment, the institution revamped Emirati Dirham. A new version of paper bills was introduced, one that we use today.<\/td><\/tr><tr><td>1989<\/td><td>AED 200 banknote came into circulation, later revamped in 2016.<\/td><\/tr><tr><td>1997<\/td><td>The first Emirati currency was introduced in the form of coins of different denominations. These were AED 1, 5, 10, 25 and 50 fils. Moreover, paper currency also came into circulation in the same year. The denominations for paper bills were AED 1, 5, 10, 50 and 100.<\/td><\/tr><tr><td>2015<\/td><td>The central bank launched AED 500 banknotes.<\/td><\/tr><tr><td>2021<\/td><td>Introduction of AED 50 polymer took place.<\/td><\/tr><tr><td>2022<\/td><td>CBUAE launched AED 5, 10 and 1000 polymer paper bills.<\/td><\/tr><tr><td>2023<\/td><td>Launch of AED 500 polymer banknotes.<\/td><\/tr><\/tbody><\/table><\/figure><p>Between this period, Dubai&rsquo;s currency saw a transition, with different series launched and withdrawn.<\/p><h2 class=\"wp-block-heading\" id=\"h-currency-in-circulation-the-present\">Currency in Circulation &ndash; The Present<\/h2><figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/3-54.jpg\" alt=\"Evolution of banknotes over time in Dubai\n\" class=\"wp-image-117653\" srcset=\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/3-54.jpg 1000w, https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/3-54-400x267.jpg 400w, https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/3-54-800x534.jpg 800w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure><p>Here is the list of Dubai currency in circulation today:<\/p><ul class=\"wp-block-list\">\n<li><strong>Polymer banknotes:<\/strong> AED 5, 10, 50, 500 and 1000<\/li>\n\n\n\n<li><strong>Normal bank notes:<\/strong> AED 5, 10, 20, 50, 100, 200, 500 and 1000<\/li>\n\n\n\n<li><strong>Coins:<\/strong> 1, 5, 10, 25 and 50 fils<\/li>\n<\/ul><p>Moreover, the Emirati dirham is pegged to the US dollar at an exchange rate of 1 USD = 3.6725 AED.<\/p><h3 class=\"wp-block-heading\" id=\"h-commemorative-coins-special-currency\">Commemorative Coins &ndash; Special Currency<\/h3><p>To celebrate important events and mark achievements, CBUAE mints and launches commemorative coins. These coins come in silver or gold, such as commemorative coins for the Asian Cup or for the UAE Astronaut&rsquo;s first space mission.<\/p><h2 class=\"wp-block-heading\" id=\"h-currency-violation-laws\">Currency Violation Laws<\/h2><p>Emirates has some strict laws and forging or misusing currency is a punishable offense.<\/p><ul class=\"wp-block-list\">\n<li>As per <em>Articles 239 and 245<\/em> of the UAE Penal Code, it is strictly prohibited to forge any currency.<\/li>\n\n\n\n<li>As per <em>Article 184<\/em> of the UAE Penal Code, any form of insult or harm to UAE&rsquo;s symbols or emblem is a legal offense. In such cases, the punishment can be imprisonment for <em>up to 5 years with a fine of up to AED 500,000<\/em>.<\/li>\n<\/ul><h2 class=\"wp-block-heading\" id=\"h-currency-exchange-rates\">Currency Exchange Rates<\/h2><p>Refer to the table below for Dubai currency exchange rates to popular currencies such as Indian Rupee and Pakistani Rupee. Expats coming to Dubai must have an idea about their currency conversion rates. Let&rsquo;s explore!<\/p><p>Note: The exchange rates listed below are of 09 September 2024. For exact current rates, please verify online or contact exchange centres.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Currency<\/strong><\/td><td><strong>Exchange Rates<\/strong><\/td><\/tr><tr><td>Indian Rupee (INR)<\/td><td>1 AED = <strong>22.86 INR<\/strong>1 INR = <strong>0.044 AED<\/strong><\/td><\/tr><tr><td>Pakistani Rupee (PKR)<\/td><td>1 AED = <strong>75.61 PKR<\/strong>1 PKR = <strong>0.013 AED<\/strong><\/td><\/tr><tr><td>Bangladeshi Taka (BDT)<\/td><td>1 AED = <strong>32.54 BDT<\/strong>1 BDT = <strong>0.031 AED<\/strong><\/td><\/tr><tr><td>Nepali Rupees (NPR)<\/td><td>1 AED = <strong>36.56 NPR<\/strong>1 NPR = <strong>0.027 AED<\/strong><\/td><\/tr><tr><td>Philippine Peso (PHP)<\/td><td>1 AED = <strong>15.49 PHP<\/strong>1 PHP = <strong>0.065 AED<\/strong><\/td><\/tr><tr><td>Egyptian Pound (EGP)<\/td><td>1 AED = <strong>13.23 EGP<\/strong>1 EGP = <strong>0.076 AED<\/strong><\/td><\/tr><tr><td>Euro (EUR)<\/td><td>1 AED = <strong>0.25 EUR<\/strong>1 EUR = <strong>4.03 AED<\/strong><\/td><\/tr><tr><td>Pound Sterling (GBP)<\/td><td>1 AED = <strong>0.21 GBP<\/strong>1 GBP = <strong>4.81 AED<\/strong><\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\" id=\"h-currency-exchange-services-dubai\">Currency Exchange Services Dubai<\/h2><figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/4-56.jpg\" alt=\"Commemorative coin launched for Asian Cup by CBUAE\n\" class=\"wp-image-117651\" srcset=\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/4-56.jpg 1000w, https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/4-56-400x267.jpg 400w, https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/4-56-800x534.jpg 800w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure><p>Short on local currency or forgot to exchange money? Here is the list of some popular currency exchange centres in Dubai to consider:<\/p><ul class=\"wp-block-list\">\n<li>Al Ansari Exchange | <a href=\"https:\/\/www.propertyfinder.ae\/blog\/dubai-international-airport\/\" target=\"_blank\">Dubai International Airport<\/a> Terminal 1, Departure Area<\/li>\n\n\n\n<li>Al Fardan Exchange L.L.C. | Lower Ground Floor, The <a href=\"https:\/\/www.propertyfinder.ae\/blog\/dubai-mall\/\" target=\"_blank\">Dubai Mall<\/a><\/li>\n\n\n\n<li>Al Rostamani International Exchange JVC | The Manhattan, Dubai Kaheel Boulevard<\/li>\n\n\n\n<li>Radha Al Ansari Exchange | <a href=\"https:\/\/www.propertyfinder.ae\/blog\/marina-mall\/\" target=\"_blank\">Dubai Marina Mall<\/a><\/li>\n<\/ul><h2 class=\"wp-block-heading\" id=\"h-faqs\">FAQs<\/h2><div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1728470438169\"><strong class=\"schema-faq-question\">1. What Is the Currency of Dubai?<\/strong> <p class=\"schema-faq-answer\">Dubai uses Emirati Dirham as its official currency. AED is the abbreviation of Dubai currency.<br><\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1728470461245\"><strong class=\"schema-faq-question\">2. How Much is the Dubai Currency Exchange Rate In Indian Rupee?<\/strong> <p class=\"schema-faq-answer\">As of September 09, 2024, 1 AED equals 22.87 INR.<\/p> <\/div> <\/div><p><br>With this guide, you must have sufficient knowledge about Dubai currency. If you are <a href=\"https:\/\/www.propertyfinder.ae\/blog\/moving-to-dubai\/\" target=\"_blank\">moving to Dubai<\/a>, ensure to exchange currency to avoid any hassle. Moreover, before relocating, get an idea about <a href=\"https:\/\/www.propertyfinder.ae\/blog\/cost-of-living-in-dubai\/\" target=\"_blank\">living costs in Dubai<\/a> with our comprehensive guide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai uses Emirati Dirham as its official currency. Let&#8217;s explore more!<\/p>\n","protected":false},"author":30250,"featured_media":117654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","footnotes":""},"categories":[6665,511],"tags":[],"class_list":["post-117650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-service","category-the-guide"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.0 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dubai Currency: A Complete Guide<\/title>\n<meta name=\"description\" content=\"Want to travel to or settle in the Emirates? Know everything about Dubai currency and make your stay convenient.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All About Dubai Currency: History, Exchange Rates and More\" \/>\n<meta property=\"og:description\" content=\"Want to travel to or settle in the Emirates? Know everything about Dubai currency and make your stay convenient.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/\" \/>\n<meta property=\"og:site_name\" content=\"Property Finder Blog UAE\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/propertyfinderuae\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-14T11:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-29T06:49:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/1-38.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samrina Khan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertyfinder\" \/>\n<meta name=\"twitter:site\" content=\"@propertyfinder\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samrina Khan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/\"},\"author\":{\"name\":\"Samrina Khan\",\"@id\":\"https:\/\/www.propertyfinder.ae\/blog\/#\/schema\/person\/ec8a619efc9f81abfd5df0efa5440b91\"},\"headline\":\"All About Dubai Currency: History, Exchange Rates and More\",\"datePublished\":\"2024-10-14T11:30:00+00:00\",\"dateModified\":\"2025-01-29T06:49:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/\"},\"wordCount\":862,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.propertyfinder.ae\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/1-38.jpg\",\"articleSection\":[\"Service\",\"The Guide\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/#respond\"]}]},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/\",\"url\":\"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/\",\"name\":\"Dubai Currency: A Complete Guide\",\"isPartOf\":{\"@id\":\"https:\/\/www.propertyfinder.ae\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2024\/10\/1-38.jpg\",\"datePublished\":\"2024-10-14T11:30:00+00:00\",\"dateModified\":\"2025-01-29T06:49:32+00:00\",\"description\":\"Want to travel to or settle in the Emirates? 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What Is the Currency of Dubai?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Dubai uses Emirati Dirham as its official currency. AED is the abbreviation of Dubai currency.<br\/>","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/#faq-question-1728470461245","position":2,"url":"https:\/\/www.propertyfinder.ae\/blog\/dubai-currency\/#faq-question-1728470461245","name":"2. How Much is the Dubai Currency Exchange Rate In Indian Rupee?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"As of September 09, 2024, 1 AED equals 22.87 INR.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"lang":"en","translations":{"en":117650},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.propertyfinder.ae\/blog\/wp-json\/wp\/v2\/posts\/117650"}],"collection":[{"href":"https:\/\/www.propertyfinder.ae\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyfinder.ae\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.ae\/blog\/wp-json\/wp\/v2\/users\/30250"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.ae\/blog\/wp-json\/wp\/v2\/comments?post=117650"}],"version-history":[{"count":0,"href":"https:\/\/www.propertyfinder.ae\/blog\/wp-json\/wp\/v2\/posts\/117650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.ae\/blog\/wp-json\/wp\/v2\/media\/117654"}],"wp:attachment":[{"href":"https:\/\/www.propertyfinder.ae\/blog\/wp-json\/wp\/v2\/media?parent=117650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyfinder.ae\/blog\/wp-json\/wp\/v2\/categories?post=117650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyfinder.ae\/blog\/wp-json\/wp\/v2\/tags?post=117650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}