AED to UGX

AED - United Arab Emirates Dirham (د.إ.‏)
UGX - Ugandan Shilling (USh)
1 AED1 UGX

Currency conversion rates from AED to UGX

AEDUGX
1 AED1 UGX
5 AED5 UGX
10 AED10 UGX
20 AED20 UGX
50 AED50 UGX
100 AED100 UGX
250 AED250 UGX
500 AED500 UGX
1000 AED1000 UGX
2000 AED2000 UGX
5000 AED5000 UGX
10000 AED10000 UGX
UGXAED
1 UGX1 AED
5 UGX5 AED
10 UGX10 AED
20 UGX20 AED
50 UGX50 AED
100 UGX100 AED
250 UGX250 AED
500 UGX500 AED
1000 UGX1000 AED
2000 UGX2000 AED
5000 UGX5000 AED
10000 UGX10000 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)


UGX - Ugandan Shilling (Ush)

Ugandan Shilling

The economy of Uganda has great potential, and it appeared poised for rapid economic growth and development. After the turmoil of the Amin period, the country began a program of economic recovery in 1981 that received considerable foreign assistance.

The Uganda Shilling is the currency in Uganda (UG, UGA). The symbol for UGX can be written USh. The Uganda Shilling is divided into 100 cents. The exchange rate for the Uganda Shilling was last updated on May 24, 2019 from Yahoo Finance. The UGX conversion factor has 5 significant digits.

Economy

  • Endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits, it is thought that Uganda could feed the whole of Africa, if it was commercially cultivated.
  • The economy of Uganda appeared poised for rapid growth and development. However, chronic political instability and erratic economic management have caused a persistent decline that has left Uganda among the world’s poorest and least-developed countries.
  • The national energy needs have been historically more than domestic energy generation, though large petroleum reserves have been discovered in the west.

History

  • In 1966, the first Ugandan Shilling replaced the East African Shilling at par.
  • In 1987, following high inflation, a new Shilling was launched with a value of 100 old Shillings.
  • The shilling is now a stable currency and predominates in most financial transactions in Uganda, which has a very efficient foreign exchange market with low spreads. The pound sterling, and increasingly the euro, are also used.
  • The Bank of Uganda launched redesigned banknotes in May, 2010. The present 1,000- and 5,000-shilling notes incorporate the latest security features and arguably have a longer life through new production processes. In addition, a new note with the value of 2,000 shillings was launched, equivalent to approximately 1 US Dollar.

More information about UGX - Ugandan Shilling (Ush)