UAE currency
by Escadora7
The local currency is DIRHAM (Dhs.), which is divided into 100 FILS. It is also referred to as AED (Arab Emirate Dirham).Bills come in 5, 10, 20, 50, 100, 200, and 1000 units.Coins are in 1 Dhs, 50 fils, 25 fils. Because 5 and 10 fils coins are not widely available, you often will not receive the exact change.The Dirham has been stable at an exchange rate of apprx. Dhs. 3.67 to US $ 1.--.Exchange rates of all major currencies are published in newspapers daily. You can exchange money at banks, hotels, and at exchange places. Exchange places have often the best rate, while hotels are the worst. You can also withdraw money from ATMs - most ATMs accept international cards.We found the best rates at the little forex offices near Al Fahidi Street. Al Fahidi and the inside road parallel to it are filled with exchange places.