AED to DKK

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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DKK - Danish Krone (kr)

The Danish krone is the official currency of Denmark, Greenland, and the Faroe Islands. The code for the Danish krone is DKK. The sign for the currency is the abbreviation ‘kr’, which comes after the numerical value (e.g. 5 kr). Krone is the Danish word for crown, so the currency is sometimes referred to as the Danish crown. The plural of krone is kroner.

The official currency for the Kingdom of Denmark is the Danish Krone (DKK). The Krone is currently pegged to the Euro. The Krone is subdivided into 100 ore. The symbol for the Krone is kr. Another the name for the Krone is the Danish Crown.

The Danish Krone is the currency in Denmark (DK, DNK), Faeroe Islands, and Greenland (GL, GRL). The Danish Krone is also known as Krones. The symbol for DKK can be written Dkr. The Danish Krone is divided into 100 ore. The exchange rate for the Danish Krone was last updated on Today from The International Monetary Fund. The DKK conversion factor has 6 significant digits.

Economy

• The country advocates a liberal trade policy.
• The main industries are textiles, clothing, windmills, food processing, chemicals, steel, iron, gas, furniture, wood, shipbuilding, and non-ferrous metals.
• Export products are meat, Christmas trees, wood, fish, diary products, potted plants, furniture, pharmaceuticals, instruments, and machinery.
• Import products are chemicals, grains, foodstuffs, raw materials, equipment, and machinery.
• Unemployment is 4.1%
• Poverty is rated as not applicable, because Denmark runs a broad-reaching welfare system.
• Inflation for the country is 1.3%.

History

• The first krone was introduced in the 1800s.
• In 1873 the Danish rigsdaler was replaced by a new krone.
• The krone formed part of the Monetary Union until World War I. In 1914 the Union was abandoned and the gold standard era ended.
• In 1924 Denmark joined the gold standard again, but abandoned it in 1931.
• From 1940 to 1945 the krone was joined to the German reichmark. After 1945, 24 krone was equal to 1 British pound.
• In 1949 the krone became part of the Brentwood system and decreased in value to 6.91 krone = 1 USD.
• In 1997 a new series of banknotes was released.
• Thematic coins were distributed for the first time in 2001.
• In 2009 and 2011 new banknote designs were distributed.

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