AED to VND

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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VND - Vietnamese Dong (VND)

The đồng is the currency of Vietnam. The most popular Vietnamese đồng conversion is into US dollars. The currency code for the đồng is VND, and it’s also represented by the symbol ₫, or simply ‘D’. The current iteration of the đồng has been the currency of Vietnam since 1978. The VND is a fiat currency, and its conversion factor has 4 significant digits.

The đồng has been the currency of Vietnam since May 3, 1978. It is issued by the State Bank of Vietnam. It is is represented by the symbol ₫ and subdivided into 10 hào. However, the hào is now worth so little that it is no longer issued.

The Viet Nam Dong is the currency in Vietnam (Viet Nam, VN, VNM). The symbol for VND can be written D. The exchange rate for the Viet Nam Dong was last updated on May 24, 2019 from Yahoo Finance. The VND conversion factor has 5 significant digits.

Economy

• Major economic reform was undertaken in Vietnam starting in 1986. Unhappy with the lack of economic improvements post-Vietnam war, the country’s new leaders implemented reforms to shift Vietnam from a “planned economy” to a “socialist-oriented market economy”.
• Vietnam is in the process of integrating into the world economy as part of globalization. Almost all Vietnamese enterprises are SME. Vietnam has been rising as a leading agricultural exporter and an attractive foreign investment destination in Southeast Asia.
• As of April 2008, 1 US Dollar was equivalent to about 20,850 Vietnamese đồng. The relationship between the US dollar and Vietnamese đồng is important because the đồng, although not freely convertible, is loosely pegged to the Dollar through an arrangement called a crawling peg.

History

• In 1946, the Viet Minh government (later to become the government of North Vietnam) introduced their own currency, the đồng, which replaced the French Indochinese piastre at par.
• In 1953 banknotes that were denominated in both piastres and đồng were issuedfor the State of Vietnam, which evolved into South Vietnam in 1954.
• On September 22, 1975, after the fall of Saigon, the currency in South Vietnam was changed to the liberation đồng, worth 500 old southern đồng.
• The government's Second Five-Year Plan (1976–1981) set extraordinarily high goals for annual growth rates in industry, agriculture, and national income and aimed to integrate the North and the South.
• However, the plan's aims were not achieved: the economy remained dominated by small-scale production, low labor productivity, unemployment, and material and technological shortages.

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