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On 20 May 1973, the UAE Currency Board introduced notes in denominations of 1, 5, 10, 50, and 100 dirhams; a Dhs 1,000 note was issued on 3 January 1976. [4] A second series of note was introduced in 1982 which omitted the Dh 1 and Dhs 1,000 notes. Dhs 500 notes were introduced in 1983, followed by Dhs 200 in 1989.
The predecessor of the central bank was the Currency Board which was established on 19 May 1973. [3] This followed the creation of the UAE as an independent state in 1971. The original purpose of the UAE Currency Board was to issue an independent currency for the new state to replace the existing currencies in use: the Qatari riyal and the ...
The United Arab Emirates, ... using Indian currency. ... The stamp is recorded used from 1972 to 1973. [5] See also
Dubai and Abu-Dhabi ensured in the negotiations that between them they could control the country effectively, enabling even greater expansion as seen today. In 1973, Dubai joined the other emirates, in introducing the UAE dirham, the uniform currency of the UAE. [50]
Pages in category "Currencies introduced in 1973" ... United Arab Emirates dirham This page was last edited on 4 February 2024, at 16:56 (UTC). ...
The Currency Board of the United Arab Emirates began operations and issued the first UAE currency, the dirham, to replace several different currencies — the Gulf rupee, the Bahraini dinar (used in Abu Dhabi) and the Qatari riyal (used in the other Emirates).
Events from the year 1973 in the United Arab Emirates. Incumbents. President: Zayed bin Sultan Al Nahyan; Prime Minister: Maktoum bin Rashid Al Maktoum; References
In 1973, Dubai joined the other emirates to adopt a uniform currency: the UAE dirham. [59] In that same year, the prior monetary union with Qatar was dissolved and the UAE dirham was introduced throughout the Emirates.