AED to MRO

AED - United Arab Emirates Dirham (د.إ.‏)
MRO - Mauritanian Ouguiya (أ.م.‏)
1 AED1 MRO

Currency conversion rates from AED to MRO

AEDMRO
1 AED1 MRO
5 AED5 MRO
10 AED10 MRO
20 AED20 MRO
50 AED50 MRO
100 AED100 MRO
250 AED250 MRO
500 AED500 MRO
1000 AED1000 MRO
2000 AED2000 MRO
5000 AED5000 MRO
10000 AED10000 MRO
MROAED
1 MRO1 AED
5 MRO5 AED
10 MRO10 AED
20 MRO20 AED
50 MRO50 AED
100 MRO100 AED
250 MRO250 AED
500 MRO500 AED
1000 MRO1000 AED
2000 MRO2000 AED
5000 MRO5000 AED
10000 MRO10000 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)


MRO - Mauritanian Ouguiya (1973–2017) (MRO)

Mauritanian Ouguiya (1973–2017)

The Ouguiya, or Ougiya, is the official currency of Mauritania. It is the only circulating currency other than the Malagasy Ariary whose subdivision units are not supported on a power of ten, and makes every Ouguiya to contain five khoums.

The Mauritania Ouguiya is the currency in Mauritania (MR, MRT). The symbol for MRO can be written UM. The Mauritania Ouguiya is divided into 5 khoums. The exchange rate for the Mauritania Ouguiya was last updated on May 24, 2019 from Yahoo Finance. The MRO conversion factor has 4 significant digits.

Economy

  • The majority of the population in Mauritania depends entirely on agriculture and livestock as means of livelihood.
  • Almost 50% of its exports stem from its many iron ore deposits. Due to the increase in metal prices, gold and copper mining companies have been established in the center of the country.
  • Mauritania’s coastal waters are one of the richest fishing areas in the world, but over-exploitation by outsiders is a threat to this key source of revenue.
  • In 1986, Mauritania opened its first deepwater port, near Nouakchott.
  • In recent years, famine and economic mismanagement have lead into an increase in foreign debt.
  • In March 1999, the Mauritanian government signed an agreement for $54 million with the World Bank/International Monetary Fund, under the Enhanced Structural Adjustment Facility (ESAF) program to drive GDP growth. Under the program, economic objectives were set for Mauritania; however privatization remains a major unresolved issue which may prevent them from meeting specified targets.

History

  • In 1973, the Ouguiya was first introduced to replace the CFA Franc, at a rate of 1 Ouguiya = 5 Francs.
  • The most recent issues of the Ouguiya were in 2003 and 2004. The coins were minted at Kremnica, Slovakia.
  • In 2009, the coinage was changed, with a plated composition 1 Ouguiya. Bimetallic 20 and 50 Ouguiya coins were issued by December 2010.

More information about MRO - Mauritanian Ouguiya (1973–2017) (MRO)