What is a currency? what is the currency of Dubai?
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A system of money in general use in a particular country.
The currency of Dubai is Dirham....
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To know about currency:
- In previous times, from the start of mankind there has been a system of exchanging goods as one person cannot have every kind of thing that he requires so he invented a barter system where one commodity was exchanged for another.
- This system developed and to standardize the worth of a product, in recent times it has converted into money as a payment system for buying goods. for different countries the money issued is different hence it is named as currency which is the money issued by that particular country. So the currencies of different countries are different.
- Dollars is considered as the standard currency according to which the other currencies are compared. Dubai is one of the most developed countries having a great standard of living hence the rank of currency at this place is also higher as compared to other places. the name of the currency that is used in Dubai is known as dirham .
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