What is UAE Dirham (AED)?

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The UAE Dirham (AED) is the official currency of the United Arab Emirates, introduced in 1973, and is famously pegged to the United States Dollar (USD) at a fixed rate of 3.6725 AED per 1 USD since 1997, providing a bedrock of stability for the nation's trade-heavy, oil-exporting economy.

UAE Dirham (AED)

What is UAE Dirham (AED)?

What is the history of the UAE Dirham (AED) and its significance in the region?

How is the AED pegged to the US Dollar, and what are the mechanics of the fixed exchange rate?

Why does the UAE maintain a fixed exchange rate, and what are the economic implications?

What is the role of the AED in the global foreign exchange market and the broader UAE economy?

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