AED to GEL

AED - United Arab Emirates Dirham (د.إ.‏)
GEL - Georgian Lari ()
1 AED1 GEL

Currency conversion rates from AED to GEL

AEDGEL
1 AED1 GEL
5 AED5 GEL
10 AED10 GEL
20 AED20 GEL
50 AED50 GEL
100 AED100 GEL
250 AED250 GEL
500 AED500 GEL
1000 AED1000 GEL
2000 AED2000 GEL
5000 AED5000 GEL
10000 AED10000 GEL
GELAED
1 GEL1 AED
5 GEL5 AED
10 GEL10 AED
20 GEL20 AED
50 GEL50 AED
100 GEL100 AED
250 GEL250 AED
500 GEL500 AED
1000 GEL1000 AED
2000 GEL2000 AED
5000 GEL5000 AED
10000 GEL10000 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)


GEL - Georgian Lari (GEL)

The Georgian lari is the official currency of the country of Georgia. It’s most commonly converted to the US dollar. The currency code for the lari is GEL, and its sign is ლ. The sign was introduced by the Governor of the National Bank of Georgia (NBG) in July 2014. It’s a three-quartered circle open in the lower-right-hand quadrant. It has two vertical parallel lines at its crest and rests on a platform the length of its diameter. It was conceived as part of a sign design contest that began in 2013. It was meant to be easy to construct and to be reminiscent of the Georgian alphabet.

The Lari is the basic monetary unit of Georgia. The word derives from an old native word meaning hoard. It is divided into 100 teri, the currency used in Georgia during the 13th century.

The Georgian Lari is the currency in Georgia (GE, GEO). The Georgian Lari is divided into 100 tetri. The exchange rate for the Georgian Lari was last updated on May 24, 2019 from Yahoo Finance. The GEL conversion factor has 5 significant digits.

Economy

  • The largest sector of the Georgian economy is the service industry, with wholesale and retail leading the sector.
  • Other industries include agriculture, mining, manufacturing, and fishing.
  • Georgia has become a leading producer of eggs and broiler chickens, as well as a primary producer of beef cattle, hogs, and milk.
  • Although Georgia was severely damaged economically by civil strife, the country has recovered with the help of the IMF and the World Bank.
  • Since 1995, Georgia has achieved positive GDP growth and has minimized inflation.

History

  • On October 2, 1995 the Georgian Lari became the official currency of Georgia.
  • It replaced the provisional coupon currency which was the kupon Lari, the currency that had replaced the Russian Ruble on April 5, 1993.
  • Eduard Shevardnadze’s government was in power during the establishment of the currency.
  • The coins in circulation are 1, 2, 5, 10, 20, and 50 tetri, and 1 and 2 Lari.
  • Commonly used banknotes are 5, 10, 20, and 50 Lari.
  • The 1, 2, 100, and 200 Lari banknotes are rarely used.

More information about GEL - Georgian Lari (GEL)