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PL What currency should I take to the United Arab Emirates?11.12.2024
When planning a trip to the United Arab Emirates, it is worth knowing that the official currency in the United Arab Emirates is the dirham (AED). Introduced in 1973, the dirham is divided into 100 flises. Banknotes in denominations from 5 to 1,000 dirhams are in circulation, as well as coins. Currency in the United […]
When planning a trip to the United Arab Emirates, it is worth knowing that the official currency in the United Arab Emirates is the dirham (AED). Introduced in 1973, the dirham is divided into 100 flises. Banknotes in denominations from 5 to 1,000 dirhams are in circulation, as well as coins.
Currency in the United Arab Emirates
The basic currency in the United Arab Emirates (UAE) is the dirham. To gain a better understanding of the value of the dirham, it is worth knowing its exchange rate against the US dollar (USD) and the euro (EUR). The rate is set at 1 USD = 3.67 AED / 1 EUR = 3.86 AED. This is important information for tourists who plan to exchange currency or assess local prices.
The history of the currency in the UAE is deeply connected to the development of the country and its economy. Before the introduction of the dirham in 1973, various other currencies were used, including the Gulf rupee. Today, the UAE Central Bank is responsible for issuing banknotes and overseeing the stability of the currency.
- UAE banknotes are available in various denominations including 5, 10, 20, 50, 100, 200, 500 and 1000 dirhams.
- Coins include denominations of 1, 5, 10, 25, 50 fils and 1 dirham.
Where, how and with what to pay in the United Arab Emirates?
As of November 23, 2023, the exchange rate of the dirham to the Polish zloty was 1 AED = 1.09 PLN. The exchange rate of the dirham to the zloty remains at a similar level, which makes it much easier to plan your expenses during your stay in the UAE.
If you are interested in the current UAE currency prices , check the rates regularly to avoid unpleasant surprises when exchanging currency in the UAE. Local exchange offices and banks offer the latest information on the dirham rate, which allows for the most advantageous exchange of money. Exchange offices are easily accessible, you can exchange currency at the airport, in every shopping center and many other places scattered around the city. Interestingly, in places such as the Gold Souk, foreign currency (euro, dollar) is also accepted for gold products or bars.
Good news for those who don’t like to carry cash. Almost everywhere in the entire emirates you can easily pay with a credit/debit card. And in places like the metro, shopping malls, restaurants and pubs I recommend this form, due to the increasingly common form of payment via QR code.
Knowing this information will help you budget and manage your expenses while in the UAE. Remember, while the dirham is pegged to the dollar, actual exchange rates may vary among financial institutions.
Currency Import Rules in the United Arab Emirates
When traveling to the United Arab Emirates, you can bring as much money as you want. However, there are some rules about bringing in currency that you should be aware of. It is important to understand the rules, especially if you plan to bring larger sums of money.
According to the rules for importing currency, if the value of cash exceeds AED 40,000 or its equivalent in other currencies, you must submit a customs declaration. This procedure is aimed at preventing money laundering and financing terrorist activities. Therefore, when bringing larger amounts, remember to declare them at the border.
It is also worth remembering that there are exemptions for currency imports that may affect the declaration procedure. For smaller amounts, you do not have to file a customs declaration. Always check the current regulations before leaving to avoid unpleasant surprises.
