AED to MUR

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.

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MUR - Mauritian Rupee (₨)

Mauritian Rupee

The Rupee is the official currency of Mauritius. After the Indian immigration, the Indian Rupee was also used in Mauritius. The Rupee is subdivided into 100 cents, but cent coins are not in circulation.

The Mauritian Rupee is the currency in Mauritius (MU, MUS). The symbol for MUR can be written Mau Rs. The Mauritian Rupee is divided into 100 cents. The exchange rate for the Mauritian Rupee was last updated on Today from The International Monetary Fund. The MUR conversion factor has 6 significant digits.

Economy

• The Mauritius economy is based on tourism, financial services, textiles, and sugar exports. They are currently diversifying to enhance productivity and competiveness, as well as to support growth and job creation.
• The 2010 budget was focused on job creation and environmental and social development.
• For 2011, the main focus of the budget is on improving productivity, rebalancing economic growth, and consolidating social justice.

History

• In 1876, the Mauritius Rupee was first established as the official currency unit.
• In 1877, it was put into circulation, replacing the Indian Rupee, the Mauritian Dollar, and the British Pound Sterling. A Mauritian Rupee was equal to 1 Indian Rupee or ½ a Mauritian Dollar. The Pound Sterling was worth 10¼ Mauritian Rupees.
• The Mauritian Rupee was also used in the Seychelles until 1914; since then the Seychelles have used their official currency, the Seychellois Rupee, at par with the Mauritius Rupee.
• In 1934, the pegged Indian Rupee was replaced by the pegged Pound Sterling, with a rate of 1 Rupee = 1 Shilling 6 pence.
• Until 1979, 13 1/3 Rupees = equivalent to 1 Pound.

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