AED to UZS

AED - United Arab Emirates Dirham (د.إ.‏)
UZS - Uzbekistani Som (сўм)
1 AED1 UZS

Currency conversion rates from AED to UZS

AEDUZS
1 AED1 UZS
5 AED5 UZS
10 AED10 UZS
20 AED20 UZS
50 AED50 UZS
100 AED100 UZS
250 AED250 UZS
500 AED500 UZS
1000 AED1000 UZS
2000 AED2000 UZS
5000 AED5000 UZS
10000 AED10000 UZS
UZSAED
1 UZS1 AED
5 UZS5 AED
10 UZS10 AED
20 UZS20 AED
50 UZS50 AED
100 UZS100 AED
250 UZS250 AED
500 UZS500 AED
1000 UZS1000 AED
2000 UZS2000 AED
5000 UZS5000 AED
10000 UZS10000 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)


UZS - Uzbekistani Som (UZS)

Uzbekistani Som

When the Som was introduced, 25 Som were equal to 1 US Dollar. Currently, the largest denomination of Uzbek currency, the 1,000-som bill, is worth approximately 60 cents U.S, requiring Uzbeks to carry enormous numbers of bills just to do grocery shopping and pay bills. The Som was initially a word which was used in Uzbekistan to describe the Ruble, so the Som is simply another word for it.

The Uzbekistani Som is the currency in Uzbekistan (UZ, UZB). The Uzbekistani Som is also known as the Sum, the Soum, and the Soom. The Uzbekistani Som is divided into 100 tiyin (tien or tyn). The exchange rate for the Uzbekistani Som was last updated on May 24, 2019 from Yahoo Finance. The UZS conversion factor has 5 significant digits.

Economy

  • Since independence, the government of Uzbekistan has stated that it is committed to a gradual transition to a market-based economy.
  • Progress with economic policy reforms has been cautious, but Uzbekistan has made respectable achievements.
  • The government has not yet removed the gap between the black market and official exchange rates by successfully introducing convertibility of the national currency.
  • The restrictive trade regime and interventionist policies continue to have a negative effect on the economy.
  • Substantial structural reform is needed, particularly in the areas of improving the investment climate for foreign investors, strengthening the banking system, and freeing the agricultural sector from state control.

History

  • On July 1st, 1994, a second Som was introduced at a rate of 1 new Som = 1,000 old Som. This Som is subdivided into 100 tiyin.
  • The Som as it exists today came into use in 1993, when it was an official Uzbekistan currency, as opposed to being a Russian Ruble, which was used as the official currency of Uzbekistan until then.
  • The Som was originally introduced with no subdivision. However, this Som was subject to serious levels of inflation and only lasted until 1994, when it was devalued (at the rate of 1,000:1) when the second Som was introduced.
  • Coins were also introduced, whereas previously the Som had been issued only in the form of notes. However, the devaluation seems to have worked and the inflation rate in Uzbekistan is only just over 7%, so the currency is relatively stable.

More information about UZS - Uzbekistani Som (UZS)