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United Arab Emirates » Money

Currency

UAE Dirham (AED) = 100 fils. Notes are in denominations of AED1,000, 500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of AED1, and 50, 25, 10 and 5 fils (10 and 5 fils coins are rarely used).

The Dirham is tied to the US Dollar.

Currency Exchange

Most hotels will handle the exchange of foreign currency as well as many major banks. Many of the large shopping malls have bureaux de change.

Credit/Debit Cards and ATMs

American Express, Diners Club, MasterCard and Visa are widely accepted. ATMs are found across the UAE, mostly in the major cities of Abu Dhabi and Dubai.

Traveller's Cheques

These are widely accepted. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars or Pounds Sterling.

Currency Restrictions

There are no restrictions on the import or export of local or foreign currency. Amounts over AED40,000 must be declared at customs.

Banking Hours

Sat-Wed 0800-1300, Thurs 0800-1200. Some also open Sat-Wed 1630-1830.

Exchange Rate Indicators

1.00 GBP = 5.92 AED
1.00 USD = 3.67 AED
1.00 EUR = 4.83 AED
Currency conversion rates as of 24 April 2012

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Information in this section was last updated: Wed May 23 2012