AED to KHR

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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KHR - Cambodian Riel (៛)

Cambodian Riel

The Kampuchean Riel, or Cambodian Riel, is the official currency of Cambodia. Cambodia has a total landmass of 181,035 square kilometres and is bordered by Thailand to the northwest, Laos to the northeast, Vietnam to the east, and the Gulf of Thailand to the southwest. The minority groups include Vietnamese, Chinese, Chams, and 30 hill tribes. The capital and largest city is Phnom Penh, the political, economical, and cultural center of Cambodia.

The Cambodian Riel is the currency in Cambodia (Kampuchea, KH, KHM). The symbol for KHR can be written CR. The Cambodian Riel is divided into 100 sen. The exchange rate for the Cambodian Riel was last updated on May 24, 2019 from Yahoo Finance. The KHR conversion factor has 5 significant digits.

Economy

• In 2010 the per capita income in Cambodia was $2,470 and $1,040 in nominal per capita. Cambodia’s per capita income is rapidly increasing, but low compared to other countries in the region.
• Most rural households depend on agriculture and related subsectors.
• Rice, fish, timber, garments, and rubber are Cambodia's main exports. The International Rice Research Institute (IRRI) reintroduced more than 750 traditional rice varieties to Cambodia from its rice seed bank in the Philippines. These varieties had been collected in the 1960’s.
• China is Cambodia’s largest source of foreign direct investment. China plans to spend $8 billion in 360 projects in the first seven months of 2011. It is also the largest source of foreign aid, providing about $600 million in 2007 and $260 million in 2008.

History

• In 1953, the Cambodian branch of the Institut d'Emission des Etats du Cambodge, du Laos et du Vietnam issued two Piastres banknotes. The Riel was at par with the Piastre.
• At the same time, the other two branches had a similar agreement with the Djonga in South Vietnam and in Laos kip. This means that the first Kampuchean Riel was a direct descendant of the Spanish pieces of eight.
• The Riel was first divided into 100 cents; in 1959 this was changed to 100 sen. Initially the Riel and Piastre were both in circulation. In fact, the first Riel bills were also called Piastres.
• The 10, 20, and 50 centimes issued in 1953 and the sen coins were minted in aluminium and were the same size as the corresponding att and xu (su) coins of Laos and South Vietnam.
• Available Kampuchean Riel coins are 50 riels, 100 riels, and 200 riels.
• A 1 riel coin about the size of a U.S. nickel was to be issued in 1970 but was not released, perhaps due to the overthrow of the government of Norodom Sihanouk by Lon Nol.

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