AED to VEF
Currency conversion rates from AED to VEF
|1 AED||1 VEF|
|5 AED||5 VEF|
|10 AED||10 VEF|
|20 AED||20 VEF|
|50 AED||50 VEF|
|100 AED||100 VEF|
|250 AED||250 VEF|
|500 AED||500 VEF|
|1000 AED||1000 VEF|
|2000 AED||2000 VEF|
|5000 AED||5000 VEF|
|10000 AED||10000 VEF|
|1 VEF||1 AED|
|5 VEF||5 AED|
|10 VEF||10 AED|
|20 VEF||20 AED|
|50 VEF||50 AED|
|100 VEF||100 AED|
|250 VEF||250 AED|
|500 VEF||500 AED|
|1000 VEF||1000 AED|
|2000 VEF||2000 AED|
|5000 VEF||5000 AED|
|10000 VEF||10000 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.
- 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.
- 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.
VEF - Venezuelan Bolívar (Bs.)
The Bolívar Fuerte has been the official currency of Venezuela since January 1, 2008. It is subdivided into 100 céntimos and replaced the Bolivar at the rate of Bs.F. 1 = Bs. 1,000 due to inflation.
The Venezuelan Bolivar Fuerte is the currency in Venezuela (VE, VEN). The Venezuelan Bolivar Fuerte is also known as Bolivars, and Bolívar. The symbol for VEF can be written Bs. F. The Venezuelan Bolivar Fuerte is divided into 100 centimos. The exchange rate for the Venezuelan Bolivar Fuerte was last updated on August 23, 2018 from Bloomberg. The VEF conversion factor has 4 significant digits.
- The economy of Venezuela is largely based on the petroleum sector, which accounts for roughly a third of the GDP, around 80% of total exports, and more than half of government operating revenues.
- Venezuela is the fifth-largest member of OPEC by oil production.
- From the 1950s to the early 1980s the Venezuelan economy experienced a steady growth that attracted many immigrants.
- During the collapse of oil prices in the 1980s the economy contracted. With high oil prices and rising government expenditures, Venezuela's economy grew by 9% in 2007, but was expected to shrink by 2.9% in 2009 and further in 2010.
- Venezuela has one of the highest inflation rates in the world, averaging 29.1% in 2010, according to the CIA world fact book.
- The Bolivar was adopted by the monetary law of 1879, replacing the short-lived venezolano at a rate of 5 Bolivares = 1 Venezolano.
- Initially, the Bolívar was on the silver standard, equal to 4.5 g fine silver, following the principles of the Latin monetary union. The monetary law of 1887 made the gold Bolívar unlimited legal tender, and the gold standard came into full operation in 1910.
- Venezuela went off the gold standard in 1930, and in the 1934 the Bolívar exchange rate was fixed in terms of the US Dollar at a rate of 3.914 Bolivares = 1 USD.
- In 1937, it was revalued to 3.18 Bolivares = 1 USD, a rate which lasted until 1941.
- Until February 18, 1983, now called Black Friday by many Venezuelans, the Bolívar had been the most stable and internationally accepted currency.