AED to GIP

AED - United Arab Emirates Dirham (د.إ.‏)
GIP - Gibraltar Pound (£)
1 AED1 GIP

Currency conversion rates from AED to GIP

AEDGIP
1 AED1 GIP
5 AED5 GIP
10 AED10 GIP
20 AED20 GIP
50 AED50 GIP
100 AED100 GIP
250 AED250 GIP
500 AED500 GIP
1000 AED1000 GIP
2000 AED2000 GIP
5000 AED5000 GIP
10000 AED10000 GIP
GIPAED
1 GIP1 AED
5 GIP5 AED
10 GIP10 AED
20 GIP20 AED
50 GIP50 AED
100 GIP100 AED
250 GIP250 AED
500 GIP500 AED
1000 GIP1000 AED
2000 GIP2000 AED
5000 GIP5000 AED
10000 GIP10000 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)


GIP - Gibraltar Pound (£)

Gibraltar Pound

Gibraltar is a British territory located at the southern end of the Iberian Peninsula, at the strategic entrance to the Mediterranean Sea from the Atlantic Ocean. The territory is a mountainous peninsula with an area of 6,843 km sq, and shares a northern border with Andalusia, Spain. The Rock of Gibraltar is an important reference point in the region.

The Gibraltar Pound is the currency in Gibraltar (GI, GIB). The symbol for GIP can be written G. The Gibraltar Pound is divided into 100 pence. The exchange rate for the Gibraltar Pound was last updated on May 24, 2019 from Yahoo Finance. The GIP conversion factor has 5 significant digits.

Economy

  • The British military traditionally dominated the economy of Gibraltar, with its naval dockyard providing the bulk of economic activity. Military enterprise has declined over the last twenty years and is estimated to account for only 7% of the local economy, compared with more than 60% in 1984.
  • Today, Gibraltar's economy is dominated by four major sectors - financial services, online gaming, navigation and tourism (including sales to visitors).

History

  • The Real (Spanish “real de plata”) was the official currency of Gibraltar until 1825.
  • From 1825, the Real continued to circulate alongside the British and Spanish currencies, tied to the Pound at the rate of 1 Spanish Dollar to 4 shillings 4 pence (equivalent to 21.67 pence today). In 1872 the Spanish currency became the sole legal tender in Gibraltar.
  • In 1898, the Spanish-American War caused the Spanish Peseta to drop alarmingly, so the Gibraltar Pound was introduced as the sole legal tender in the colony, initially in the form of British coins and banknotes.
  • In 1988, Gibraltar Pound coins in denominations of 1, 2, 5, 10, 20 and 50 pence and 1 pound were introduced which bore specific designs for and the name of Gibraltar. They were the same sizes and compositions as corresponding British coins
  • 2-pound coins were introduced in 1999, and a new 5-pound coin was issued in 2010 with the inscription "Elizabeth II • Queen of Gibraltar".

More information about GIP - Gibraltar Pound (£)