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Abu Dhabi used the Bahraini dinar, at a rate of 10 Gulf rupees = 1 dinar. In 1973, the UAE adopted the UAE dirham as its currency. Abu Dhabi adopted the UAE dirham in place of the Bahraini dinar, at 1 dinar = 10 dirhams, while in the other emirates, the Qatar and Dubai riyal were exchanged at par.
Present currency ISO 4217 code Country or dependency ... UAE dirham [8] AED United Arab Emirates: AED [9] Moroccan dirham: MAD
Nations in red currently use the dirham. Nations in green use a currency with a subdivision named dirham. Silver dirham of Caliph Umar ibn Abd al-Aziz 718–719 CE Silver dirham of Yazid II minted in 721–722 CE Silver dirham of Marwan II ibn Muhammad 749–745 CE Silver dirham of As-Saffah 754–758 CE Silver dirham of Al-Hadi minted in 786–787 CE in al-Haruniya Silver dirham of Al-Mu ...
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 Bahraini Dinar. The new UAE dirham entered circulation on the same day the Currency Board was established.
United Arab Emirates dirham – United ... International dollar – hypothetical currency pegged 1:1 to the ... List of countries by exchange rate regime; List of ...
Currency ISO 4217 code Used Replaced by Abu Dhabi: Bahraini dinar: BHD: 1966–1973: United Arab Emirates Dirham Republic of Bosnia and Herzegovina: Bosnia and Herzegovina dinar: BAD: 1992–1998: Bosnia and Herzegovina convertible mark Cornwall: Cornish Dynar : CD: 900 – 1960: GBP Croatia: Croatian dinar: HRD: 1991–1994: Croatian kuna Iran
Reason: delivery of local currency Ratio: 1.065 Qatari and Dubai riyal = 1 Saudi riyal, or 1 Qatari and Dubai riyal = 1 pre-devalued Gulf rupee: Currency of Qatar 1966 – 1973 Succeeded by: Qatari riyal Reason: withdrawal of Dubai from common currency Ratio: at par: Currency of Trucial States except for Abu Dhabi 1966 – 1973 Succeeded by:
The Indian rupee was pegged to the British pound at a rate of 13 1 ⁄ 3 Indian rupees = 1 pound. The Government of India had complained of gold traffickers in the Gulf region whose base of operations was constantly being broadened, especially in Kuwait, Bahrain and Dubai.