AED to KMF

AED - United Arab Emirates Dirham (د.إ.‏)
KMF - Comorian Franc (CF)
1 AED1 KMF

Currency conversion rates from AED to KMF

AEDKMF
1 AED1 KMF
5 AED5 KMF
10 AED10 KMF
20 AED20 KMF
50 AED50 KMF
100 AED100 KMF
250 AED250 KMF
500 AED500 KMF
1000 AED1000 KMF
2000 AED2000 KMF
5000 AED5000 KMF
10000 AED10000 KMF
KMFAED
1 KMF1 AED
5 KMF5 AED
10 KMF10 AED
20 KMF20 AED
50 KMF50 AED
100 KMF100 AED
250 KMF250 AED
500 KMF500 AED
1000 KMF1000 AED
2000 KMF2000 AED
5000 KMF5000 AED
10000 KMF10000 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)


KMF - Comorian Franc (KMF)

Comorian Franc

The Comoros Franc is pegged to the Euro at 491.96775 Francs = 1 Euro. Comoros is an island nation off the east coast of Africa between Mozambique and Madagascar. The Comoros is the only state to be a member of all of the following organizatins: African Union, Francophonie, Organisation of Islamic Cooperation, Arab League, and Indian Ocean Commission.

The Comorian Franc is the currency in Comoros (KM, COM). The symbol for KMF can be written CF. The exchange rate for the Comorian Franc was last updated on May 24, 2019 from Yahoo Finance. The KMF conversion factor has 5 significant digits.

Economy

  • Comoros is one of the world's poorest countries. Economic growth and poverty reduction are top priorities for the government.
  • The unemployment rate is 14.3%, which is considered very high.
  • Agriculture, including fishing, hunting, and forestry, is the most important sector of the economy and provides employment for 38.4% of the population.
  • The high density of population, as many as 1,000 per square kilometer in the densest agricultural areas, may lead to an environmental crisis in the near future, especially given the high rate of population growth.
  • The GDP decreased by 1.9% in 2004, and real GDP per capita had been declining each year to that point. This is due to such factors as decline in investment, falling consumption, rising inflation, and the increase in trade imbalance, due partly to low prices for cash crops, especially vanilla.

History

  • On July 1, 1925, the French government made an agreement with the Banque de Paris et des Pays-Bas to create the Bank of Madagascar, based in Paris, and gave it a private monopoly to issue currency for the colony of Madagascar.
  • The Malagasy Franc was equivalent to the French Franc and French coins continued to circulate in Madagascar, as it had no coins of its own until 1943.
  • In 1950, the French government took over majority ownership of the Banque de Madagascar et des Comores.
  • On January 1, 1960 the French Franc was revalued, with 100 old Francs = 1 new Franc. The value of the new franc was 1 Comores Franc = 0.02 French francs (50 Comoros francs = 1 French franc).
  • Until January 12, 1994, the Comores Franc was pegged to the French Franc at the rate of 50 Comores Francs = 1 French Franc. On the same date, the currency was devalued along with the CFA Franc BEAC devaluation. However, the Comores Franc was devalued by one-third to a new rate of 75 Comores Francs = 1 French Franc, while the CFA Franc’s new rate was 100 CFA Francs = 1 French Franc.
  • When the Euro was created in January 1999, the Comoros Franc was pegged at its prevailing rate to the new currency. The exchange rate is now 491.96775 Comoros Francs = 1 Euro.

More information about KMF - Comorian Franc (KMF)