AED to HNL

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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HNL - Honduran Lempira (L)

Honduran Lempira

The Lempira is the official currency of Honduras, a Spanish-speaking country in Central America. The country is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea. Honduras also controls the Bay Islands located in this Gulf.

The Honduran Lempira is the currency in Honduras (HN, HND). The symbol for HNL can be written L. The Honduran Lempira is divided into 100 centavos. The exchange rate for the Honduran Lempira was last updated on May 24, 2019 from Yahoo Finance. The HNL conversion factor has 5 significant digits.

Economy

• The Honduran economy has continued to grow slowly, but the distribution of wealth remains very polarized and average wages are low for the average Honduran.
• Economic growth in recent years has averaged 7% a year, one of the highest rates in Latin America, but 50% of the population, approximately 3.7 million people, remains below the poverty line. It is estimated that over 1.2 million people are unemployed, with the unemployment rate standing at 27.9%.
• The United Nations Human Development Index (HDI), which ranks countries based on three human development categories (life expectancy at birth, years of schooling, income per capita), shows Honduras has a medium human development index, and has the fourth lowest HDI in the Americas according to its 2011 estimate.
• Honduras was made eligible for debt relief in 2005, thanks to the IMF and World Bank’s Heavily Indebted Poor Countries (HIPC) Initiative.

History

• The Honduran Lempira was introduced in 1931, replacing the Honduran Peso (which had in turn replaced the Honduran Real in 1862).
• In 1931, coins were introduced in denominations of 5, 20 and 50 centavos, and 1 lempira. 1, 2 and 10 centavo coins were added in 1935, 1939 and 1932 respectively.
• The Bank of Honduras issued the first banknotes in 1932, in denominations of 1, 2, 5, 10 and 20 Honduran Lempira.
• Silver 1 lempira coins ceased being minted in 1937, and other silver coins (20 and 50 centavos) became cupro-nickel in 1967.
• The Central Bank of Honduras took over the production of paper money in 1950, introducing 50 Honduran Lempira notes in 1951. In 1975, banknotes of 100 Honduran Lempira were added, followed by 500 Honduran Lempira in 1995.

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