The United Arab Emirates Dirham, introduced on May 19, 1973, replaced the Qatar and Dubai riyal and the Bahraini dinar as the official currency of the UAE. Its name is derived from the Greek word “drachma,” reflecting the region’s ancient ties to trade. Fascinatingly, the dirham is pegged to the US dollar since 1997, which has contributed to the nation’s economic stability. The use of the dirham extends beyond the UAE’s borders, impacting trade in neighboring regions.

Not just a medium of exchange, the dirham showcases the UAE’s rich culture and heritage. Its banknotes feature images of significant architectural landmarks and traditional symbols like the dhow, an integral element of Emirati maritime history. Additionally, the coins display inscriptions in both Arabic and English, underscoring the country’s cultural openness and global economic aspirations.