AED to GHS

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.

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GHS - Ghanaian Cedi (GH¢)

Ghanaian Cedi

The Ghanaian Cedi is the official currency for Ghana, a country located in West Africa. It is bordered by Côte d'Ivoire (Ivory Coast) to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south.

The Ghanaian Cedi is the currency in Ghana (GH, GHA). The Ghanaian Cedi is divided into 100 pesewas. The exchange rate for the Ghanaian Cedi was last updated on May 24, 2019 from Yahoo Finance. The GHS conversion factor has 5 significant digits.

Economy

• Ghana's economy was ranked as one of the fastest growing economies in the world in 2011, with economic growth predicted at about 20% in 2011.
• Ghana is a middle-income country. With copious natural resources, Ghana has more than twice the per capita output of poorer countries in West Africa.
• Known for its gold in the colonial era, Ghana remains one of the largest gold producers. Other export products include cocoa, oil, wood, electricity, diamonds, bauxite and manganese. Raw materials such as these are the main source of foreign exchange.
• Ghana’s political and economic stability, low crime rate, and the use of the English language across the country make it an attractive entry point to West Africa for foreigners. As a result, tourism is a rapidly growing sector, particularly among Europeans, Americans, and others connected to the Ghanaian Diaspora abroad.
• Main tourist destinations include UNESCO World Heritage Sites as Cape Coast Castle and Elmina Castle, Kakum National Parks and National Park Mole National Park, and cultural celebrations like Panafest.

History

• The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007.
• One Ghanaian New Cedi is divided into one hundred Ghana pesewas.
• A number of Ghanaian New Cedi coins have also been issued in Sika denominations. The word sika means "gold”. These are probably best considered as medallic coinage, and may have no legal tender status.
• The first Cedi was introduced in 1965, replacing the British Pound at a rate of 2.4 Cedi = 1 Pound, or 1 pesewa = 1 penny.
• The second Cedi was initially pegged to the British Pound at a rate of 2 Cedi = 1 Pound. However, within months, the second Cedi was devalued to a rate of 2.45 second Cedi = 1 Pound, less than the value of the first Cedi.
• On July 1, 2007, the third Cedi, the currently used Ghanaian New Cedi, was introduced. One New Cedi was worth 10,000 second Cedis. The currencies remained pegged to each other at this exchange value. The New Cedi has become one of Africa’s higher valued currencies (rather than one of the least valued, the case with the second Cedi).

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