Currency Guide United Arab Emirates

Currency

UAE Dirham = 100 fils. Notes are in denominations AED50, 20, 10, 5

The UAE Dirham is used in: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al Khaina, Sharjah and Umm al Qaiwain.

To view images and descriptions of all these denominations [click here]

Credit Cards

Most hotels and finer restaurants accept credit cards such as American Express, Visa, MasterCard, and Diner Club. Some larger shops do as well, but generally a better deal can be made with cash.

Banks

Opening hours are 8.00am to 1.00pm, from Saturday to Wednesday, although some also open from 4.30-6.30pm. On Thursdays, banks operate only from 8.00am to noon.

Currency Regulations

The import and export of local and foreign currencies and monetary instruments is limited to AED40,000 or equivalent. If you wish to import or export more than this you need to declare it on form 7/2000/9.

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Currency Exchange

You can change money at moneychangers or banks; moneychangers sometimes offer better rates than banks but they can be fussy about changing traveller's cheques. The best currency to bring is US dollars. There are plenty of ATMs connected to one or more of the global ATM systems and these take all major debit and credit cards.

Exchange Rate History

Date AED Rate
01/01/02 4.974
01/01/03 5.505
01/01/04 6.101
01/01/05 6.556
01/01/06 5.889
A rough guide to the tourists rates for the UAE Dirham since the beginning of 2002

View UAE Dirham exchange Rate

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