AED to ANG

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

• The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
• Natural gas and petroleum exports play an important role in the economy.
• The service sector is also an important source of income.
• Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
• The United Arab Emirates is part of the World Trade Organization.
• Imports are machinery, manufactured goods, and transport equipment.
• In 2009, 85% of exports were natural resources.
• The United Arab Emirates has the fastest-growing economy in the world.

History

• The original currency in the United Arab Emirates was the Bahraini Dinar.
• Before 1966 the United Arab Emirates used the Gulf Rupee.
• The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
• From 1973 to 1982 the United Arab Emirates issued the Dirham.
• In 1976 the United Arab Emirates minted commemorative coins.
• In the late 1980s a fixed rate was established between the Dirham and the USD.
• 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
• In 1997 the Dirham was pegged to the US Dollar.

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ANG - Netherlands Antillean Guilder (ƒ)

Netherlands Antillean Guilder

The Netherlands Antillean Guilder (ANG) was the original currency used in the five Netherland Antilles Islands. Only two of the islands currently use the NL Antillean Guilder. In 2011 the Guilder was replaced with the United States Dollar on the islands of Sint Eustatius, Saba, and Bonaire. The two remaining islands that currently use the Guilder (Curaçao and Sint Maarten) plan to replace it with the new Caribbean Guilder, likely in 2013.

The Netherlands Antillean Guilder is the currency in Netherlands Antilles (AN, ANT). The Netherlands Antillean Guilder is also known as the Netherlands Antillean Gulden. The symbol for ANG can be written Ant f, and NAf. The Netherlands Antillean Guilder is divided into 100 cents. The exchange rate for the Netherlands Antillean Guilder was last updated on May 24, 2019 from Yahoo Finance. The ANG conversion factor has 4 significant digits.

Economy

• Tourism is the main industry on the islands Bonaire, Sint Maarten, and Curaçao.
• Bonaire and Curaçao have trans-shipment and petroleum refining facilities.
• Manufacturing of lights is also done on the island of Curaçao.
• Most of the Netherland Antilles Islands receive imported goods from the US, Venezuela, and Mexico.
• The Antilles Islands agricultural sector is limited due to lack of water and poor soil.
• Compared to other countries in the area, the Netherland Antilles Islands have a well-established infrastructure.
• The main export is petroleum.
• Imports are food, manufactured goods, and crude petroleum.

History

• The Netherlands Antilles used the Dutch Guilder during the 18th century. Coins were introduced in 1974.
• The Netherlands Antilles used the Reaal from 1799 to 1828. In 1828, the Dutch Guilder was re-introduced and divided into 100 cents.
• In 1940, the Netherlands was occupied by Germany and the guilder was pegged to the United States Dollar at a rate of 1 Dollar = 1.8858 Guilders.
• In 1971, the peg between the US Dollar and the Guilder was changed to 1 Dollar = 1.79 Guilders.
• In 1986, Aruba was given a “status aparte” and introduced the Aruban Florin.

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