AED to FJD

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)

FJD - Fijian Dollar (FJD)

Fijian Dollar

The Fiji Dollar (FJD) is the official currency of Fiji. The symbol for it is the dollar sign. The symbol FJ$ is used to distinguish the Fiji Dollar from the US Dollar. The FJD is subdivided into 100 cents.

The Fiji Dollar is the currency in Fiji (FJ, FJI). The symbol for FJD can be written F$. The Fiji Dollar is divided into 100 cents. The exchange rate for the Fiji Dollar was last updated on May 24, 2019 from Yahoo Finance. The FJD conversion factor has 3 significant digits.

Economy

• Fiji’s economy is one of the best developed in the Pacific islands. Tourism plays a major role in the economy.
• In 2006 Fiji launched a 20-year plan for the coconut industry.
• Import products are tobacco, beverages, foodstuffs, minerals, fuels, and machinery.
• Export products are garments, sugar, lumber, fish, ginger, and coconut oil.
• Agricultural products are rice, sweet potatoes, ginger, tapioca, sugar cane, goats, shrimp, pickles, pigs, and cattle.
• The service industry accounts for 77% of the annual GDP.
• The unemployment rate is estimated at 6% and inflation at 1.6%.
• Shrinkage in the economy occurred after the big drought in 1998 and the cyclone in 2003. Approximately 7,500 jobs became redundant because of these natural disasters.
• The economy of Fiji is also suffering because of the military coups that have taken place. Almost 61% of the skilled population has immigrated or left on working visas, due to the unstable political environment.

History

• The Fiji Dollar was introduced in 1867 and was used until 1873.
• In 1969, the Fiji Dollar was reintroduced.
• In 1974, the Central Monetary Authority was appointed as the official printers of paper money.
• In 1987, the Reserve Bank of Fiji started issuing banknotes.
• In 1995, the $1 bill was replaced with a coin, and the $50 note was introduced.
• In 2006, the Reserve Bank of Fiji announced the introduction of plastic-coated notes
• In 2007, the first $100 banknote was introduced.

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