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On January 28, 1978, the dirham was officially pegged to the IMF's special drawing rights (SDRs). [11] 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.
This is a list of circulating fixed exchange rate currencies, ... United Arab Emirates dirham: U.S. dollar: 3.6725 Notes. Approximate.
The exchange rate of the Moroccan dirham is determined within a band of fluctuation of ± 5 percent compared to a central rate established by the central bank of Morocco on the basis of a currency basket composed of the euro and United States dollar by up to 60% and 40% respectively. [2] [3]
The dirham, [a] dirhem [b] or drahm [c] is a unit of currency and of mass. It is the name of the currencies of Morocco , the United Arab Emirates and Armenia , and is the name of a currency subdivision in Jordan , Libya , Qatar and Tajikistan .
UAE dirham [8] AED United Arab Emirates: AED [9] Moroccan dirham: MAD Morocco: DH Djiboutian franc: DJF Djibouti: Fdj Egyptian pound: EGP Egypt £E or ج.م or L.E. Lebanese pound [10] LBP Lebanon £L and ل.ل [10] [11] Sudanese pound: SDG Sudan: SDG or ج.س Syrian pound [12] SYP Syria £S [13] Omani rial [14] OMR Oman: ر.ع [15] Qatari ...
Moroccan dirham: DH MAD Centime: 100 ... (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket ...
Moroccan dirham – Morocco; ... List of countries by exchange rate regime; List of central banks; ISO 4217 This page was last edited on 28 December 2024, at ...
The new UAE dirham entered circulation on the same day the Currency Board was established. At this time, the Currency Board of the UAE did not have full central bank powers. It was mandated to manage the currency and the country's gold and foreign exchange reserves, but did not have regulatory authority and was not empowered to manage the UAE's ...