Dubai currency: where to exchange and what money to take with you on a trip

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

There are a lot of people who like to relax in warm countries. Trips to exotic places and countries are especially relevant during the period when the cold season begins in Russia. Currently, Dubai is gaining more and more popularity among tourists. This city is able to surprise with its luxury. But few travelers know what currency is in Dubai. Throughout the country of the United Arab Emirates, one monetary unit is valid. She is the main currency of Dubai - the dirham. In exchange offices, it can be determined by writing three letters in front of the amount - AED. However, sometimes the currency may be referred to as dhs. Such a prefix is placed after the amount of money.

History of currency

Not so long ago, back in 1959, the Persian rupee was used as the monetary unit in Dubai. A few years later, starting in June 1966, another currency entered circulation. She was served with the riyal of Saudi Arabia. It was a temporary currency. At this time, many sought to exchange rupees for real. The exchange rate then was 100:106.5. But the currency did not lastfor a long time. Already in September of the same year, the Qatari riyal was put into circulation. At the same time, the Bahraini dinar served as a means of payment in Abu Dhabi. For one such unit they gave ten rupees.

Dubai's current currency, the dirham, entered circulation in 1973. It began to be used throughout the United Arab Emirates. It was possible to exchange the old currency for the new dirham at the rate of one to one. Only Abu Dhabi excelled, here the exchange rate was only 0, 1 to 1. At that time, banknotes of five, ten, twenty, fifty, one hundred, two hundred, five hundred and one thousand dirhams were in use. For coins, another, smaller currency is used - fils.

Banknotes and coins

As in most other countries, in Dubai, the currency is issued in two versions: banknotes and coins. Banknotes are compact in size and can easily fit into any wallet. The most popular banknotes in Dubai are one hundred dirhams, they are distinguished by a red color. No less common is the purple banknote of fifty dirhams. Next comes twenty dirhams, they are blue-green, green ten and orange five dirham banknote.

However, this is not all bills. There are also banknotes in circulation in denominations of two hundred, five hundred and one thousand dirhams. At the same time, you should be very careful, since a thousandth bill is very similar to a banknote with a face value of fifty dirhams. Fraudsters can take advantage of this, since the face value of the bill on one of the sides is indicatedArabic numerals. On the reverse side, the denomination is indicated in Roman numerals. The banknotes themselves have an image showing the life and traditions of the UAE.

In addition to banknotes, there are also coins in circulation. There are only three such banknotes:

• One dirham.
• Fifty fils.
• Twenty-five fils, the smallest coin.

It is worth considering that there are exactly one hundred fils in one dirham. But a coin with a denomination of one dirham is simply irreplaceable in Dubai. It is used to pay for a parking space. Motorists should take care of their availability in advance.

Currency exchange in Dubai

It's easy to exchange money in Dubai. You can do this at any specialized point. Very often they are automated. At the same time, the Dubai currency exchange rate is one of the most transparent, as it has no hidden fees.

You can easily find an exchange office in any of the many shopping centers. They are easy to recognize by the LED screens that display the exchange rate. His quotes are updated every morning, and sometimes several times in one day.

How and where is it more profitable to make an exchange?

Don't change all the money at once, do it as needed. This is due to the fact that during the exchange part of the money is still lost. And if you exchange the entire amount at once, but do not spend this money, then at the end of the trip you will have to change it again. This way you will lose some of the money. Do not be afraid of fraud when exchanging money. If aperform the operation in automated points, the probability of this is completely excluded.

Exchange rate to ruble and dollar

The exchange rate to the ruble of the Dubai currency is constantly changing. This is due to the high volatility of the Russian currency. But quotes do not have sharp drops. Today, one dirham costs a little more than fifteen Russian rubles. But in relation to the dollar, the Dubai currency has a stable exchange rate. For one American dollar in exchange offices they offer 3, 675 dirhams.

What money is better to take on a trip?

The currency of Dubai for the residents of the Russian Federation is very exotic. In our country, it is unlikely that it will be possible to exchange rubles for dirhams in advance at a bank or other exchange office. But this should not upset a tourist who is going to visit the United Arab Emirates.

Dubai is one of the most developed centers of recreation and tourism. For this reason, the exchange of money is not difficult. All exchange offices accept most currencies of all developed countries. The ruble is no exception.

However, despite the ease of exchange, when choosing the currency to take with you on a trip, it is better to stop at the dollar. The article has already mentioned that its course is always stable. In addition, it is the most profitable in comparison with the euro and especially the ruble.

And finally

At the end of the article, I would like to remind you that the currency called dirham exists not only in the United ArabEmirates. Also called the monetary unit of Morocco. But it is worth considering that the rates of this currency differ significantly in relation to the euro, dollar and other monetary units.