AED to DOP

AED - United Arab Emirates Dirham (د.إ.‏)
DOP - Dominican Peso (RD$)
1 AED1 DOP

Currency conversion rates from AED to DOP

AEDDOP
1 AED1 DOP
5 AED5 DOP
10 AED10 DOP
20 AED20 DOP
50 AED50 DOP
100 AED100 DOP
250 AED250 DOP
500 AED500 DOP
1000 AED1000 DOP
2000 AED2000 DOP
5000 AED5000 DOP
10000 AED10000 DOP
DOPAED
1 DOP1 AED
5 DOP5 AED
10 DOP10 AED
20 DOP20 AED
50 DOP50 AED
100 DOP100 AED
250 DOP250 AED
500 DOP500 AED
1000 DOP1000 AED
2000 DOP2000 AED
5000 DOP5000 AED
10000 DOP10000 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)


DOP - Dominican Peso ($)

Dominican Peso

The Dominican Peso (DOP) is the official currency in the Dominican Republic. The symbol for the Peso is $. To distinguish between the US Dollar and the Peso the symbol RD$ is used. The subdivision for the Peso is centavos; 1 peso = 100 centavos.

The Dominican Peso is the currency in Dominican Republic (DO, DOM). The symbol for DOP can be written RD$. The Dominican Peso is divided into 100 centavos. The exchange rate for the Dominican Peso was last updated on May 24, 2019 from Yahoo Finance. The DOP conversion factor has 4 significant digits.

Economy

  • The Dominican Republic’s economy is rated 2nd in the Caribbean.
  • Tourism and agriculture play an important role in the economy.
  • The tourism industry contributed more than 1 billion USD a year. Recently industry overtook agriculture.
  • The main industries are textiles, cement, gold mining, tobacco, tourism, and sugar processing.
  • Export products are meats, gold, sugar, silver, ferronickel, consumer goods, coffee, tobacco, and cocoa.
  • Import products are fabrics and cotton, chemicals, petroleum, foodstuffs, and pharmaceuticals.
  • Inflation is estimated at 6.3% and unemployment at 14.2%.
  • The country trades mainly with the USA and is a free-trade zone.

History

  • The Peso was introduced in 1844 after the country gained independence from Haiti.
  • In 1877, the Peso was subdivided into centavos.
  • A second currency called the Franco was introduced to the Dominican Republic from 1891 to 1897 and was used as an additional currency.
  • In 1905, the US Dollar replaced the Peso at 5 Pesos = 1 USD.
  • In 1937, the Peso Oro was distributed and was used along with the Dollar until 1947.
  • In 1947, the first Peso banknotes were printed and distributed by the Central Bank.
  • In 1961, the banknotes were extended to the lower Peso Oro notes.
  • Since 1992, limited editions of the 2000 and 500 Peso Oro notes have been issued. In 2010 the 20 Peso polymer note was issued.

More information about DOP - Dominican Peso ($)