AED to MAD

AED - United Arab Emirates Dirham (د.إ.‏)
MAD - Moroccan Dirham (د.م.‏)
1 AED1 MAD

Currency conversion rates from AED to MAD

AEDMAD
1 AED1 MAD
5 AED5 MAD
10 AED10 MAD
20 AED20 MAD
50 AED50 MAD
100 AED100 MAD
250 AED250 MAD
500 AED500 MAD
1000 AED1000 MAD
2000 AED2000 MAD
5000 AED5000 MAD
10000 AED10000 MAD
MADAED
1 MAD1 AED
5 MAD5 AED
10 MAD10 AED
20 MAD20 AED
50 MAD50 AED
100 MAD100 AED
250 MAD250 AED
500 MAD500 AED
1000 MAD1000 AED
2000 MAD2000 AED
5000 MAD5000 AED
10000 MAD10000 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)


MAD - Moroccan Dirham (د.م.)

The Moroccan dirham is the official currency of the Kingdom of Morocco. Its currency code is MAD, and its symbol is .د.م. It is also referred to in English as ‘dh.’ The MAD conversion factor has 4 significant digits. It is a fiat currency.

The Dirham is the currency of Morocco. The plural form of Dirham is Darahim, but in English and French Dirham is used for the plural. The Dirham is released by The Central Bank of Morocco, the Bank Al-Maghrib. The Dirham is also the de facto currency in Western Sahara. Although the Dirham is considered a wholly convertible currency, its export is prohibited by law, but is uncontrolled.

The Moroccan Dirham is the currency in Morocco (MA, MAR). The symbol for MAD can be written DH. The Moroccan Dirham is divided into 100 centimes. The exchange rate for the Moroccan Dirham was last updated on May 24, 2019 from Yahoo Finance. The MAD conversion factor has 4 significant digits.

Economy

  • Morocco’s main economic problems are foreign trade, achieving sustainable economic growth, restraining government spending, and reducing constraints on private activities.
  • In the year 2002, significant shortage lowered activity in the agricultural sector, which led to a dormant economy.
  • Morocco’s economy was boosted after successful huge transactions from the sale of mobile cell phone licenses and from privatizing the state-owned telecommunication and tobacco companies.
  • The state’s long-term challenges include preparing the economy for freer trading with other countries, as well as improving education and attracting foreign investors in order to maintain living standards and job opportunities for Morocco’s youth.

History

  • The Moroccan Dirham originated in the Byzantine Empire’s drachm and was used in Arabia and the Levant during the pre-Islamic era. The word Dirham came from the Roman word denarius.
  • Before the introduction of modern coinage in 1882, Morocco issued copper coins denominated in falus, silver coins denominated in dirham, and gold coins denominated in benduqi.
  • In 1882, the Dirham became a part of the Moroccan Rial, with 50 Mazunas = 10 Dirham = 1 Rial.
  • When Morocco became a French state in 1921, it switched to the Moroccan Franc currency.
  • The Dirham was re-introduced in 1960. It replaced the Moroccan Franc as the major unit of currency but, until 1974, the Franc continued to circulate, with 1 Dirham = 100 Francs.
  • In 1977, a new design of banknotes was issued and the National bank took over the printing of banknotes.

More information about MAD - Moroccan Dirham (د.م.)