AED to VUV

AED - United Arab Emirates Dirham (د.إ.‏)
VUV - Vanuatu Vatu (VT)
1 AED1 VUV

Currency conversion rates from AED to VUV

AEDVUV
1 AED1 VUV
5 AED5 VUV
10 AED10 VUV
20 AED20 VUV
50 AED50 VUV
100 AED100 VUV
250 AED250 VUV
500 AED500 VUV
1000 AED1000 VUV
2000 AED2000 VUV
5000 AED5000 VUV
10000 AED10000 VUV
VUVAED
1 VUV1 AED
5 VUV5 AED
10 VUV10 AED
20 VUV20 AED
50 VUV50 AED
100 VUV100 AED
250 VUV250 AED
500 VUV500 AED
1000 VUV1000 AED
2000 VUV2000 AED
5000 VUV5000 AED
10000 VUV10000 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)


VUV - Vanuatu Vatu (VUV)

Vanuatu Vatu

The Vatu is the official currency of Vanuatu. It was introduced in 1982 after independence, to replace the New Herbides Franc at par. The Vatu’s introduction also saw the end of the official circulation of the Australian Dollar in Vanuatu.

The Vanuatu Vatu is the currency in Vanuatu (VU, VUT). The symbol for VUV can be written VT. The Vanuatu Vatu is divided into 100 centimes. The exchange rate for the Vanuatu Vatu was last updated on May 24, 2019 from Yahoo Finance. The VUV conversion factor has 5 significant digits.

Economy

  • Vanuatu’s economy is primarily agricultural; 80% of the population is involved in agricultural work.
  • Other aspects of the economy include fishing, offshore financial services, and tourism (the last of which had 50,000 visitors in 2004).
  • Tax revenues comes mainly from import duties. Economic development is hindered by dependence on relatively few commodity exports, as well as the island's vulnerability to natural disasters and its distance from major markets.
  • The government of Vanuatu has promised to tighten regulation of its offshore financial center, in response to foreign concerns.
  • The island's main targets for growth are tourism and agriculture (particularly livestock farming). Vanuatu receives tourists and foreign aid mostly from Australia and New Zealand.

History

  • In 1982 banknotes were introduced by the Central bank of Vanuatu in denominations of 100, 500, and 1,000 Vatu. 5000-vatu notes followed in 1989.
  • In 1993, the Reserve Bank of Vanuatu took over issuing paper money and introduced notes for 500 and 1,000 Vatu.
  • 200-vatu notes were introduced in 1995 and 10,000-vatu notes on July 28, 2010.
  • Local residents sometimes refer to a notional Dollar, equal to 100 Vatu, without specifying which country's currency they have in mind. This stems from the period of 1966–1973, when the New Hebrides Franc was pegged to the Australian Dollar at a rate of 100 Francs = 1 Dollar. Although no relationship currently exists, it simplifies thinking in the larger numbers that a low-value unit causes.

More information about VUV - Vanuatu Vatu (VUV)