The Meaning Of The UAE Currency Symbols
Jul 4,2024
The Meaning Of The UAE Currency Symbols
The currency of the United Arab Emirates (UAE) is the UAE Dirham, abbreviated as AED. The symbols and meaning associated with the UAE currency are as follows:
Symbols
1. AED: This is the official abbreviation for the UAE Dirham, which stands for Arab Emirates Dirham.
2. د.إ: This is the Arabic symbol for the UAE Dirham. It is a combination of the Arabic letters "د" (Dal) and "إ" (Alef), which together represent the word "Dirham" in Arabic.
Meaning
Dirham (دِرْهَم): There is a connection between the English "Dirham" and the Greek word "Drachma." Throughout history, it has been a unit of currency that was utilized in a number of Arab nations prior to becoming the official currency of the United Arab Emirates.
Fils: 100 fils are the units of measurement for the dirham. It is the Arabic word "فلس" that is the origin of the phrase "fils," which translates to "small unit of currency".
Denominations
The UAE Dirham is available in both coins and banknotes:
Coins: Common denominations include 1, 5, 10, 25, 50 fils, and 1 Dirham.
Banknotes: Common denominations include 5, 10, 20, 50, 100, 200, 500, and 1000 Dirhams.\
Design
Coins: Typically feature Arabic calligraphy and symbols reflecting UAE culture, such as the Dhow (traditional boat), oil derrick, and a coffee pot.
Banknotes: Feature landmarks, historical sites, and cultural icons of the UAE, with Arabic on one side and English on the other.
Usage
The UAE Dirham is used in daily transactions within the UAE, from shopping and dining to paying for services. It is also pegged to the US Dollar, maintaining a stable exchange rate which is crucial for the UAE’s economy, heavily dependent on oil exports and international trade.
These symbols and terms are vital for understanding the monetary system of the UAE, ensuring smooth financial transactions and economic stability within the country.
FAQ
1. What is the meaning of the UAE coin symbol?
The United Arab Emirates dirham (/dirhəm/; Arabic: درهم إماراتي, sign: د. إ; code: AED; commonly abbreviated "DH" or "Dhs."), also known as simply the Emirati dirham, is the basic unit of the currency of the United Arab Emirates.
2. What does the UAE currency stand for?
United Arab Emirates dirham
The UAE currency is the united Arab Emirates dirham (AED). One dirham is 100 fils. The UAE dirham is tied to the US dollar at 1 USD = 3.6725 AED.
3. What is the meaning of coin symbol?
A currency symbol is a graphic representation of a money unit. The national central bank for the currency usually defines it.
4. What is the name of Dubai currency with symbol?
The dirham is abbreviated by the currency code AED, and its symbol is د. إ.
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