UAE dirhams Buy: 95.0 / Sell: 125.0 / National Bank rate: 126.19

The UAE dirham was introduced in 1973, replacing the Qatari and Dubai riyals at a 1:1 ratio. The riyal has been used in all UAE emirates since 1966, except Abu Dhabi, where the dirham replaced the Bahraini dinar at a rate of 1 dirham = 0.1 dinar.

From 1959 to June 1966, the Gulf rupee, issued by the Reserve Bank of India, was used in place of the previously traditional Indian rupee. The Saudi Arabian riyal also circulated in the country from 1966 to 1968.

The dirham is pegged to the US dollar at a rate of 1 dollar = 3.6725 dirhams.

Banknote denominations are 5, 10, 20, 50, 100, 200, 500, and 1000 dirhams.

The front side of the banknotes is written in Arabic with Eastern Arabic numerals, while the back side is written in English with Arabic numerals.