The United Arab Emirates Dirham?
The United Arab Emirates dirham began circulation in 1973 and gets its name from the word ‘Drachmae’, which translates from Greek to English as ‘handful’. Similarly to the Australian dollar, the AED dirham is made up of 100 fils (fils are like the UAE’s version of cents). Dirham notes come in 8 different denominations: $5AED, $10AED, $20AED, $50AED, $100AED, $200AED, $500AED and $1,000AED. Dirham coins come in denominations of 25 fil, 50 fil and 1 Dirham.
How Much cash do i need in UAE?
The cost of living in the UAE is 15% lower than in Australia but if you are wanting to travel in luxury you’re going to need more than just a Dirham or two. Accomodation and Activities can be relatively pricey in this region as they have a lot of unique experiences that would be hard to find anywhere else in the world. Also if you are planning to go shopping in local Souks remember to always take cash with you and to haggle with the store owners.
Bottle of Water: $1.3 AED
Beer: $15 AED
meal at inexpensive restaurant: $25 AED
meal at Mcdonalds: $25 AED
cappuccino: $18 AED