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In November 2020, Greece and the United Arab Emirates signed a foreign policy and defense agreement, as both shared mutual tensions with Turkey. [1] In May 2022, Greece and the United Arab Emirates together agreed to fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country.
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
Commercially, the UAE is also the States' largest export market in the Middle East constituting $11.6 billion in exports annually. In March 2005, the US opened negotiations on a free trade agreement and despite intermittent depreciation of currencies in the Persian Gulf area, the UAE dirham remains pegged to the dollar. [170]
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In practice, it has been pegged to the U.S. dollar for most of the time. [12] Since November 1997, the dirham has been pegged to the US dollar at a rate of US$1 = Dhs 3.6725, [13] which translates to approximately Dh 1 = US$0.272294.
Many Canadian merchants close to the border, as well as large stores in big cities and major tourist hotspots in Peru also accept U.S. dollars, though usually at a value that favours the merchant. In Cambodia, US notes circulate freely and are preferred over the Cambodian riel for large purchases, [27] [28] with the riel used for change to ...