AED to OMR

AED - United Arab Emirates Dirham (د.إ.‏)
OMR - Omani Rial (ر.ع.‏)
1 AED1 OMR

Currency conversion rates from AED to OMR

AEDOMR
1 AED1 OMR
5 AED5 OMR
10 AED10 OMR
20 AED20 OMR
50 AED50 OMR
100 AED100 OMR
250 AED250 OMR
500 AED500 OMR
1000 AED1000 OMR
2000 AED2000 OMR
5000 AED5000 OMR
10000 AED10000 OMR
OMRAED
1 OMR1 AED
5 OMR5 AED
10 OMR10 AED
20 OMR20 AED
50 OMR50 AED
100 OMR100 AED
250 OMR250 AED
500 OMR500 AED
1000 OMR1000 AED
2000 OMR2000 AED
5000 OMR5000 AED
10000 OMR10000 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)


OMR - Omani Rial (OMR)

Omani Rial

The Omani Rial is the official currency of Oman.

The Omani Rial is the currency in Oman (OM, OMN). The Omani Rial is also known as the Omani Riyal. The symbol for OMR can be written RO. The Omani Rial is divided into 1000 baizas. The exchange rate for the Omani Rial was last updated on Today from The International Monetary Fund. The OMR conversion factor has 6 significant digits.

Economy

  • Oman’s has achieved significant economic growth since the early 1990s based on the increase in oil prices in 1999.
  • Oman liberalized its markets in order gain membership in the World Trade Organization, which it joined in 2000.
  • The main supports of the economy are no longer goat and camel herding, traditional handicrafts, fishing, and agriculture.
  • At present, Oman’s economy is based in its oil industry. Oil was discovered in 1964 by Fahud in the western desert, and oil production began in August 1967.
  • In the mid-2002, oil production was more than 900,000 barrels per day. Its oil production maintained and supported its exporting demands, but Oman is not a member of the Organization of Petroleum Exporting Countries (OPEC).

History

  • The Indian Rupee and Maria Theresa Thaler were the main currencies in Muscat and Oman. Indian Rupees circulated on the coast and the Thaler was used in the interior.
  • In 1940, coins were introduced in Dhofar, and in 1946 another series of coins was issued for use in Oman. Both coins were denominated in Baisa, with a rate of 200 Baisa = 1 Rial.
  • The Saudi Riyal became the official currency of Oman in 1970. The Saudi Riyal was equivalent to the British Pound and replaced the Gulf Rupee at a rate of 21 Rupees = 1 Rial.
  • The Omani Rial replaced the Saudi Riyal in 1973.

More information about OMR - Omani Rial (OMR)