Cryptocurrency Q&A
What is the Arab dollar?
What is the Arab dollar?
ZenMindful
Tue Nov 19 2024
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6 answers
1007
The question background can be described as: 'I have heard about the Arab dollar and I am wondering what it actually is. Is it a specific currency used in Arab countries or is it related to the value of the US dollar in that region? I would like to understand its definition and usage.'
6 answers
Carlo
Thu Nov 21 2024
This currency system is unique as one dirham is subdivided into 100 smaller units known as fils.
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SsamziegangSerenadeMelodyHarmony
Thu Nov 21 2024
The value of the United Arab Emirates dirham is linked to another major currency, the US dollar.
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Silvia
Thu Nov 21 2024
Specifically, the AED is pegged to the USD at a fixed exchange rate.
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DondaejiDelight
Thu Nov 21 2024
The United Arab Emirates dirham, denoted as AED, serves as the official currency of the United Arab Emirates.
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Matteo
Thu Nov 21 2024
The current exchange rate stands at 1 USD being equivalent to 3.6725 AED.
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