AED to SHP

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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SHP - St. Helena Pound (£)

St. Helena Pound

The St. Helena Pound is the official currency of the Saint Helena and Ascension, two islands in the Atlantic Ocean that are members of the British Overseas Territory of Saint Helena, Ascension, and Tristan da Cunha (which uses the British Pound). The St. Helena Pound is pegged to the British Pound at par.

The Saint Helena Pound is the currency in Saint Helena (St. Helena, SH, SHN). The symbol for SHP can be written S. The Saint Helena Pound is divided into 100 new pence. The exchange rate for the Saint Helena Pound was last updated on May 24, 2019 from Yahoo Finance. The SHP conversion factor has 5 significant digits.

Economy

• St. Helena and Ascension Island are small, isolated islands in the Atlantic Ocean, with populations of ~4,300 and ~900 people, respectively.
• The economies of St. Helena and Ascension Island are heavily dependent on government support, either in the form of aid, or in Ascension Island’s case, the military.
• Tourism to the region is relatively limited, though St. Helena gets some tourism as visitors come to see the place of Napoleon’s imprisonment.
• Postage stamps are amongst the leading exports of the region. St. Helena also exports coffee that is said to be amongst the world’s most expensive beans.

History

• St. Helena has a long history of issuing its own notes, relative to other British colonies. From 1716 until the late 18th century, notes were issued in Shilling and Pound denominations.
• In 1917, another round of notes was issued in denominations of 5, 20, and 40 shillings.
• The first of the modern St. Helena Pound banknotes were issued in 1976. Prior to that date, both the British Pound(at par) and South African Pound had been accepted on the islands.
• The first St. Helena Pound coins were issued in 1984, in denominations of 1, 2, 5, 10, and 50 pence, as well as 1 Pound.

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