Dirham is informally abbreviated as "DH" or "Dhs". The unit of token is "Phil" (,fils, or translated as "Phil"), 1 dirham = 100 Phil.

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1 On May 9, 973, the UAE officially issued the local currency dirhams, and the exchange rate was 3.947 dirhams 1 USD, 1 dirhams 1 Bahraini dinars,1dirhams1Qatari riyals. From 1978 to 65438+ 10, the dirham was no longer linked to the US dollar, but to the SDR. On August 5, 1978, the median price depreciated by 7.25%.

1On May 5, 979, the free exchange of dirhams with Bahraini dinars and Qatari riyals was suspended, and then the dirhams depreciated several times. Since 1980, the US dollar has been the dirham's intervention currency, and the central bank only announced the dirham's exchange rate against the US dollar. The exchange rate of dirham against other currencies is determined by commercial banks according to the exchange rate trend in the international market.

There are six denominations of UAE banknotes, namely 5, 10, 50, 100, 200 and 500 dirhams. In addition, there are coins of 1, 5 dirhams and 1, 5, 10, 25 and 50 Fairs. Unlike most Arab countries, UAE adopts decimal system instead of decimal system, that is, 1 dirham equals 100 Phil.

Reference source Baidu Encyclopedia -Diram