AED to NIO

AED - United Arab Emirates Dirham (د.إ.‏)
NIO - Nicaraguan Córdoba (C$)
1 AED1 NIO

Currency conversion rates from AED to NIO

AEDNIO
1 AED1 NIO
5 AED5 NIO
10 AED10 NIO
20 AED20 NIO
50 AED50 NIO
100 AED100 NIO
250 AED250 NIO
500 AED500 NIO
1000 AED1000 NIO
2000 AED2000 NIO
5000 AED5000 NIO
10000 AED10000 NIO
NIOAED
1 NIO1 AED
5 NIO5 AED
10 NIO10 AED
20 NIO20 AED
50 NIO50 AED
100 NIO100 AED
250 NIO250 AED
500 NIO500 AED
1000 NIO1000 AED
2000 NIO2000 AED
5000 NIO5000 AED
10000 NIO10000 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)


NIO - Nicaraguan Córdoba (NIO)

Nicaraguan Córdoba

The Cordoba is the official currency of Nicaragua. The currency was named after the Francisco Hernández de Córdoba, the founder of Nicaragua. The Cordoba is divided into 100 centavos.

The Nicaraguan Cordoba Oro is the currency in Nicaragua (NI, NIC). The symbol for NIO can be written C$. The Nicaraguan Cordoba Oro is divided into 100 centavos. The exchange rate for the Nicaraguan Cordoba Oro was last updated on May 24, 2019 from Yahoo Finance. The NIO conversion factor has 5 significant digits.

Economy

  • Nicaragua’s main source of economic stability is the agricultural sector. The country is considered the least developed country in Central America and is the second poorest country in the Americas in terms of nominal GDP.
  • Nicaragua’s annual GDP has gone down to almost 3% in 2009, as a result of reduced export demands, lower prices for agricultural exports, and low remittance growth in the world markets, mainly between Central America and the United States.
  • Remittances are the major source of income for Nicaragua. Remittances correspond to 15% of the total country’s GDP.
  • Apparel and textile exports are responsible for approximately 60% of Nicaragua’s annual GDP, and its advantage in the industry will probably increase due to minimum wage increases during the Ortega administration.
  • In 2004, Nicaragua secured a $4.5 billion reduction in its foreign debt under the Heavily Indebted Poor Countries.
  • Nicaragua’s economic status depends on international assistance to meet its internal and external debt fund obligations, but foreign donors have restricted funding after the electoral fraud in November 2008.
  • In October 2007, the IMF approved a new poverty reduction and growth facility intended to support the Nicaraguan government’s economic growth plan.

History

  • In March 20, 1912, the first Cordoba currency was introduced, replacing the Peso at a fixed rate of 1 Cordoba = 12 ½ Peso. It was initially equal to the US Dollar.
  • On February 15, 1988, the second Cordoba was introduced; it was equivalent to 1,000 of the first Cordoba.
  • On April 30, 1991, the third Cordoba, known as the Cordoba Oro, was launched with 5,000,000 = 1 second Cordoba.

More information about NIO - Nicaraguan Córdoba (NIO)