National Currency Of Uae

The currency board issued the national currency that replaced the bahraini dinar and the qatari and dubai riyal currencies that were in use at the time as per the website of the uae central bank. Before 1966 all the emirates that now form the uae used the gulf rupee which was pegged at parity to the indian rupee on 6 june 1966 india decided to devalue the gulf rupee against the indian rupee. The national currency carries the name and emblem of the uae hence the moral value is greater than its material value and any behaviour that is deemed an insult to the currency is a crime.

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The name dirham is an arabic word.

National currency of uae. It was adopted as the official currency of the uae on 19 may 1973 and replaced the qatar and dubai riyal that was previously circulated. Due to centuries of trade and usage of the currency dirham survived through the ottoman empire. The national is the middle east s leading english language news service bringing you the latest news opinion and features from the region and internationally. The uae dirham was introduced in circulation for the first time on 19 may 1973.

This 46th national day of the uae ram kumar founder of numisbing a dubai based dealer of collectible coins banknotes medals and bullion takes us through the journey of how the dirham came to. The uae coins can be found in denominations of 25 fils 50 fils and 1 dirham.

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