AED to IRR

AED - United Arab Emirates Dirham (د.إ.‏)
IRR - Iranian Rial (IRR)
1 AED1 IRR

Currency conversion rates from AED to IRR

AEDIRR
1 AED1 IRR
5 AED5 IRR
10 AED10 IRR
20 AED20 IRR
50 AED50 IRR
100 AED100 IRR
250 AED250 IRR
500 AED500 IRR
1000 AED1000 IRR
2000 AED2000 IRR
5000 AED5000 IRR
10000 AED10000 IRR
IRRAED
1 IRR1 AED
5 IRR5 AED
10 IRR10 AED
20 IRR20 AED
50 IRR50 AED
100 IRR100 AED
250 IRR250 AED
500 IRR500 AED
1000 IRR1000 AED
2000 IRR2000 AED
5000 IRR5000 AED
10000 IRR10000 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)


IRR - Iranian Rial ()

Iranian Rial

The Iranian Rial is issued by the Central Bank of the Islamic Republic of Iran. 100 dinar make up a Rial; however, dinar are not used in accounting because of the very low value of the Rial.

The Iranian Rial is the currency in Iran (Islamic Republic of Iran, IR, IRN). The symbol for IRR can be written Rls. The Iranian Rial is divided into 10 rials to a toman. The exchange rate for the Iranian Rial was last updated on January 18, 2019 from The International Monetary Fund. The IRR conversion factor has 6 significant digits.

Economy

  • Iran has the eighteenth largest economy in the world in purchasing power parity (PPP). Over half of Iran’s GDP comes from the service sector, over a third from industry and manufacturing, and around 10% from agriculture.
  • Iran's economy is a mixture of central planning, state ownership of oil and other large concerns, village agriculture and small-scale private trading and service companies.
  • Iran has significant oil and gas reserves, and about 45% of government budget revenues come from exports of these commodities. The continued rise in world oil prices has eased some of the financial impact of international sanctions against the country.
  • Price controls, subsidies, and other rigid government policies weigh down the economy, and corruption is widespread. The government has introduced some measures to improve efficiencies, such as reducing state subsidies on food and energy. However, the economy continues to suffer from inflation, unemployment and sluggish growth.

History

  • The Iranian Rial first appeared as a coin, from 1798 to 1825. The name derived from the Real, the currency of Spain at the time.
  • The Rial was reintroduced in 1932, divided into one hundred (new) dinars. It replaced the toman (which is the term still used today by Iranians when they discuss money).
  • The value of the Iranian Rial declined precipitously after the Islamic revolution of 1979 because of capital flight from the country (estimated at $30 to $40 billion).
  • The value of the Iranian Rial is stable, thanks to tight control by the central bank, which manages demand through state ownership of oil export earnings, and oversight of monetary flows. The bank does allow the rial to weaken in nominal terms to improve the competitiveness of non-oil exports.

More information about IRR - Iranian Rial ()