The UAE operates a free, open economy and there are no currency regulations in operation. It is extremely easy to change money at banks and exchange houses throughout the country where the best rates are available.
CURRENCY AND EXCHANGE RATES
The dirham (pronounced dir-ham) is the official currency of the UAE. Dirham notes are in 5, 10, 20, 50, 100, 200, 500, and 1000 denominations. The dirham is divided into 100 fils, coins include Dh1, 50, 25, 10 and 5 fils (10 and 5 fils are rarely used). The value is written in Arabic only but Arabic numerals are easy to memorize (see section on Arabic Language).
There are no currency regulations and foreign currency of almost any denomination is readily exchanged in the UAE. The dirham is index linked to the dollar and the official exchange rate is Dh3.671 = US$ 1.00. The best exchange rates are generally available at private moneychangers found throughout the UAE, but especially in the more popular souqs and shopping centres.
The UAE Exchange Centre (associated with Western Union) has branches throughout the UAE. Thomas Cook Al Rostamani (authorized representative of Thomas Cooks financial division) and Al Razouki International Exchange Company are also well represented.
|The UAE Exchange Centre
||02 6322166||Dubai||04 3537070|
|Sharjah||06 5625125||Al Ain||03 7654258|
|Ajman||06 7424666||Fujairah||09 2226665|
|Ra's al-Khaimah||07 2271066|
|Thomas Cook Al Rostamani Exchange Company
||02 6727717||Dubai||04 2223564|
|Sharjah||06 5614656||Al Ain||03 7665558|
|Al Razouki International Exchange
||02 6210308||Dubai||04 2615113|
|Al Fardan Exchange
||02 6223222||Dubai||04 3513535|
|Sharjah||06 5635371||Al Ain||03 7656325|