Monday, May 16, 2011

CURRENCY AND EXCHANGE RATES

CURRENCY AND EXCHANGE RATES
 
Currency
The dirham (pronounced dir-ham) is the official currency of the UAE. Dirham notes are in 5, 10, 20, 50, 100, 200, 500, and 1000 denominations. The dirham is divided into 100 fils, coins include Dh1, 50, 25, 10 and 5 fils (10 and 5 fils are rarely used). The value is written in Arabic only but Arabic numerals are easy to memorize (see section on Arabic Language).
There are no currency regulations and foreign currency of almost any denomination is readily exchanged in the UAE. The dirham is index linked to the dollar and the official exchange rate is Dh3.671 = US$ 1.00. The best exchange rates are generally available at private moneychangers found throughout the UAE, but especially in the more popular souqs and shopping centres.

The UAE Exchange Centre (associated with Western Union) has branches throughout the UAE. Thomas Cook Al Rostamani (authorized representative of Thomas Cook’s financial division) and Al Razouki International Exchange Company are also well represented.



The UAE Exchange Centre
Abu Dhabi
02 6322166
Dubai 04 3537070
Sharjah 06 5625125
Al Ain 03 7654258
Ajman 06 7424666
Fujairah 09 2226665
Ra's al-Khaimah 07 2271066



Thomas Cook Al Rostamani Exchange Company
Abu Dhabi
02 6727717
Dubai 04 2223564
Sharjah 06 5614656
Al Ain 03 7665558
Fujairah 09 2226822



Al Razouki International Exchange
Abu Dhabi
02 6210308
Dubai 04 2615113
Sharjah 06 5624129



Al Fardan Exchange
Abu Dhabi
02 6223222
Dubai 04 3513535
Sharjah 06 5635371
Al Ain 03 7656325
Ruwais 02 8774877

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