AED to EGP

AED - United Arab Emirates Dirham (د.إ.‏)
EGP - Egyptian Pound (ج.م.‏)
1 AED1 EGP

Currency conversion rates from AED to EGP

AEDEGP
1 AED1 EGP
5 AED5 EGP
10 AED10 EGP
20 AED20 EGP
50 AED50 EGP
100 AED100 EGP
250 AED250 EGP
500 AED500 EGP
1000 AED1000 EGP
2000 AED2000 EGP
5000 AED5000 EGP
10000 AED10000 EGP
EGPAED
1 EGP1 AED
5 EGP5 AED
10 EGP10 AED
20 EGP20 AED
50 EGP50 AED
100 EGP100 AED
250 EGP250 AED
500 EGP500 AED
1000 EGP1000 AED
2000 EGP2000 AED
5000 EGP5000 AED
10000 EGP10000 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)


EGP - Egyptian Pound ()

Egyptian Pound

The official currency of Egypt is the Egyptian Pound (EGP). The symbol used for the EGP is E£ or in Arabic ( ج.م). The Egyptian Pound is subdivided into smaller currency denomination known as qirsh or millimes. 1 EGP = 100 qirsh = 1000 millemes.

The Egyptian Pound is the currency in Egypt (EG, EGY). The symbol for EGP can be written E. The Egyptian Pound is divided into 100 piasters or 1000 milliemes. The exchange rate for the Egyptian Pound was last updated on May 24, 2019 from Yahoo Finance. The EGP conversion factor has 4 significant digits.

Economy

  • The Egyptian economy is becoming more market-orientated.
  • The main industries are metal, tourism, chemicals, textiles, pharmaceuticals, light manufacturers, food processing, hydrocarbons, construction, and cement.
  • Export products are petroleum and crude oil products, textiles, cotton, agricultural goods, metal products, and chemicals.
  • Import products are wood products, fuels, chemicals, equipment, machinery, and food stuffs.
  • Unemployment in the country is estimated at 9.7%.
  • The yearly GDP growth is rated at 2.6%.

History

  • The Egyptian Pound, also known as gineih, was replaced the Egyptian Piastre. The Piastre = 1/100 of a Pound. It was subdivided into 40 para.
  • In 1885, the para was taken out of circulation and the piastre was subdivided into tenths. In 1916 the tenths were renamed millimes.
  • Egypt used the gold standard from 1885 to 1914. 1 EGP = 7.4375 grams of gold. After the outbreak of World War I, Egypt moved to the British Pound and was part of the Sterling era until 1962. In the same year the EGP switched over to the US Dollar and was pegged at 1 EGP = 2.3 USD.
  • In 1973, the peg was changed to the British Pound again.
  • In 1989, the Pound floated; however, the Central Bank of Egypt tightly managed the control of foreign exchange.
  • In 2005, the 1 Pound and 50 pastrie coins were introduced.
  • In 2009, Egypt started phasing out 1 Pound and half-pound notes.

More information about EGP - Egyptian Pound ()