AED to DZD

AED - United Arab Emirates Dirham (د.إ.‏)
DZD - Algerian Dinar (د.ج.‏)
1 AED1 DZD

Currency conversion rates from AED to DZD

AEDDZD
1 AED1 DZD
5 AED5 DZD
10 AED10 DZD
20 AED20 DZD
50 AED50 DZD
100 AED100 DZD
250 AED250 DZD
500 AED500 DZD
1000 AED1000 DZD
2000 AED2000 DZD
5000 AED5000 DZD
10000 AED10000 DZD
DZDAED
1 DZD1 AED
5 DZD5 AED
10 DZD10 AED
20 DZD20 AED
50 DZD50 AED
100 DZD100 AED
250 DZD250 AED
500 DZD500 AED
1000 DZD1000 AED
2000 DZD2000 AED
5000 DZD5000 AED
10000 DZD10000 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)


DZD - Algerian Dinar (DZD)

Algerian Dinar

The official currency for Algeria is the Algerian Dinar (DZD). The Dinar is divided into santeem; 1 Dinar = 100 santeem. Bank notes are issued by the Central Bank of Algeria. The symbol for the Dinar is DA; the Arabic symbol is (د.ج).

The Algerian Dinar is the currency in Algeria (DZ, DZA). The symbol for DZD can be written DA. The Algerian Dinar is divided into 100 centimes. The exchange rate for the Algerian Dinar was last updated on Today from The International Monetary Fund. The DZD conversion factor has 6 significant digits.

Economy

  • Algeria relies on the export of natural gas and petroleum.
  • The Algerian economy is based on industry, which accounts for 61% of the yearly GDP.
  • Unemployment in the country is 10.2%.
  • The main industries are natural gas and petroleum.
  • 97% of the export products are petroleum products, natural gas, and petroleum. Other export products are wool, grapes, fruit, iron, ore, wine, and cereals.
  • Import products are consumer goods, foodstuffs, and capital goods.
  • Inflation is rated at 5.7%.
  • Fishing and agriculture account for a small part of the economy.
  • Algeria has an abundance of minerals. The mining industry consists of copper, zinc, lead, iron, mercury, and calamine.
  • Trade and foreign investments are lacking; more growth is needed in this sector. A new law was passed in 2005 to encourage investment.

History

  • In 1964, the Algerian Dinar replaced the Algerian Franc. Banknotes were distributed in 5, 10, and 100 Dinar denominations. Coins were also issued in 50, 20, 10, 5, 2, and 1 santeem denominations.
  • Commemorative coins were issued sporadically during the following decades.
  • In 1970, the 500 dinar banknote was added.
  • The 1 and 2 santeem coins were later withdrawn.
  • In the 1980s, the 20, 10, and 5 santeem coins were withdrawn.
  • In 1992, a new series of coins was introduced, as well as a new 100 dinar banknote.

More information about DZD - Algerian Dinar (DZD)