AED to CUP

AED - United Arab Emirates Dirham (د.إ.‏)
CUP - Cuban Peso ($)
1 AED1 CUP

Currency conversion rates from AED to CUP

AEDCUP
1 AED1 CUP
5 AED5 CUP
10 AED10 CUP
20 AED20 CUP
50 AED50 CUP
100 AED100 CUP
250 AED250 CUP
500 AED500 CUP
1000 AED1000 CUP
2000 AED2000 CUP
5000 AED5000 CUP
10000 AED10000 CUP
CUPAED
1 CUP1 AED
5 CUP5 AED
10 CUP10 AED
20 CUP20 AED
50 CUP50 AED
100 CUP100 AED
250 CUP250 AED
500 CUP500 AED
1000 CUP1000 AED
2000 CUP2000 AED
5000 CUP5000 AED
10000 CUP10000 AED

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.

More information about AED - United Arab Emirates Dirham (د.إ)


CUP - Cuban Peso (CUP)

Cuban Peso

The Cuban Peso (CUP) is one of the two currencies used in Cuba. The other currency is called the Cuban Convertible Peso. Since 1994, the Cuban Peso has been in limited use. It is known as the National Peso. Retails stores and other businesses mainly use the Cuban Convertible Peso. The Convertible Peso is ~25 times more valuable than the National Peso.

The Cuban Peso is the currency in Cuba (CU, CUB). The symbol for CUP can be written Cu$. The Cuban Peso is divided into 100 centavos. The exchange rate for the Cuban Peso was last updated on May 24, 2019 from Yahoo Finance. The CUP conversion factor has 2 significant digits.

Economy

  • Cuba’s economy is run by the state and seen as a planned economy.
  • The majority of the labor force works for the government. The unemployment rate is 1.7%.
  • Services account for 74% of the total GDP.
  • Top industries are tobacco, petroleum, steel, cement, pharmaceuticals, construction, nickel, agricultural machines, and sugar.
  • Export products are tobacco, shellfish, coffee, citrus, and medical products.
  • Import products are chemicals, equipment and machinery, food, and petroleum.
  • Cuba recently started attracting world class pharmaceutical and biotechnology industries.
  • 80% of Cuba’s food is imported.
  • Tourism is growing rapidly, however the retail sector in Cuba is poorly run.
  • Netherlands is the largest importer of Cuban products.

History

  • The peso was introduced in 1857, replacing Reales at 1 Peso = 8 Reales.
  • In 1869, banknotes were subdivided into centavos.
  • In 1881, the Cuban peso was pegged to the US Dollar at par.
  • In 1915, the first coins were distributed.
  • In 1960, the Peso was pegged to the Soviet Ruble and the USD peg became redundant.
  • In 1991, the Soviet Union dissolved and the Peso started losing value against the USD.
  • From 1993 to 2004, Cuba used the Peso for non-luxury items and staples; the Convertible Peso and the USD were mainly used in the tourism trade and for luxury items.

More information about CUP - Cuban Peso (CUP)