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).

UAE Exchange

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