AED to KZT

AED - United Arab Emirates Dirham (د.إ.‏)
KZT - Kazakhstani Tenge ()
1 AED1 KZT

Currency conversion rates from AED to KZT

AEDKZT
1 AED1 KZT
5 AED5 KZT
10 AED10 KZT
20 AED20 KZT
50 AED50 KZT
100 AED100 KZT
250 AED250 KZT
500 AED500 KZT
1000 AED1000 KZT
2000 AED2000 KZT
5000 AED5000 KZT
10000 AED10000 KZT
KZTAED
1 KZT1 AED
5 KZT5 AED
10 KZT10 AED
20 KZT20 AED
50 KZT50 AED
100 KZT100 AED
250 KZT250 AED
500 KZT500 AED
1000 KZT1000 AED
2000 KZT2000 AED
5000 KZT5000 AED
10000 KZT10000 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)


KZT - Kazakhstani Tenge ()

Kazakhstani Tenge

The Tenge has been used as the currency for Kazakhstan since it replaced the Russian Ruble on 15 November 1993. The term Tenge means “a set of scales” in the Turkic languages. The Tenge is divided into into 100 tïın (тиын).

The Kazakhstani Tenge is the currency in Kazakhstan (KZ, KAZ). The Kazakhstani Tenge is divided into 100 tiyn. The exchange rate for the Kazakhstani Tenge was last updated on January 31, 2019 from The International Monetary Fund. The KZT conversion factor has 6 significant digits.

Economy

  • Kazakhstan’s economy is highly dependent on crude oil prices. Continuous increases in the price of crude oil lead to GDP growth rates of nearly 10% for much of the 2000s.
  • The 2008-2009 financial crisis has revealed weaknesses in the center of the country's economy, leading to a 19.81% GDP decline in 2008. Four major banks were rescued by the government in late 2008 and housing prices have dropped dramatically.
  • Major exports of Kazakhstan include wheat, textiles and livestock. Kazakhstan is also a major exporter of uranium.

History

  • Kazakhstan is one of the last countries in the Commonwealth of Independent States (CIS) — the former Soviet Republics — to introduce a national currency.
  • In 1991, a "panel" of the designers was created to introduce a new national currency.
  • On November 12, 1993, a decree of President of Kazakhstan, "On the introduction of the national currency of the Republic of Kazakhstan" was published leading to the introduction of the Kazakhstan Tenge on November 15, 1993. As such, November 15 is celebrated the "Day of the national currency of the Republic of Kazakhstan."
  • In 1995, a Kazakhstan Tenge printing factory was opened. The first consignment of Kazakhstan Tenge was printed abroad in the United Kingdom. The first coins were minted in Germany.

More information about KZT - Kazakhstani Tenge ()