AED to LRD

AED - United Arab Emirates Dirham (د.إ.‏)
LRD - Liberian Dollar ($)
1 AED1 LRD

Currency conversion rates from AED to LRD

AEDLRD
1 AED1 LRD
5 AED5 LRD
10 AED10 LRD
20 AED20 LRD
50 AED50 LRD
100 AED100 LRD
250 AED250 LRD
500 AED500 LRD
1000 AED1000 LRD
2000 AED2000 LRD
5000 AED5000 LRD
10000 AED10000 LRD
LRDAED
1 LRD1 AED
5 LRD5 AED
10 LRD10 AED
20 LRD20 AED
50 LRD50 AED
100 LRD100 AED
250 LRD250 AED
500 LRD500 AED
1000 LRD1000 AED
2000 LRD2000 AED
5000 LRD5000 AED
10000 LRD10000 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)


LRD - Liberian Dollar (L$)

Liberian Dollar

The Liberian Dollar has been the official currency of the Republic of Liberia since 1943. The Liberian currency includes coins and banknotes, which are issued by the Central Bank of Liberia. The symbol used is L$, to differentiate it from other Dollar currencies.

The Liberian Dollar is the currency in Liberia (LR, LBR). The symbol for LRD can be written $. The Liberian Dollar is divided into 100 cents. The exchange rate for the Liberian Dollar was last updated on May 24, 2019 from Yahoo Finance. The LRD conversion factor has 5 significant digits.

Economy

  • Liberia’s economy is supported by free enterprise. They have a so-called Open Door Policy to persuade businesses and investors to participate profitably in their economy.
  • Liberia is gifted with great natural resources tht provide prospective and outstanding market opportunities.
  • The total Liberian economy has been improving; the real GDP growth reached 7 % in 2006, and its inflation is in single digits.
  • The government has placed cash management controls, maintained a well-balanced budget, and restored transparency to their budget process.
  • The unemployment rate in the formal sector reached 80%, with this there is a critical period of progression in the restoration of productive opportunities in livelihood.
  • In the year 2005, Liberia had an external debt estimated at U$S7 billion, which is equivalent to 3,040% of their exports on an NPV basis.

History

  • The Liberian Dollar was introduced in 1847.
  • The Liberian currency was pegged at parity with the US Dollar and both were being used until 1907.
  • From 1847 to 1896, copper 1 and 2 cent coins were the only Liberian coins being issued After that, 1, 2, 10, 25 and 50 cent coins were gradually introduced.
  • Between 1857 and 1880, the Treasury Department issued banknotes of 1, 2, 3, 5, 10 Dollars and 10 and 50 cents.

More information about LRD - Liberian Dollar (L$)