what is the history of U.A.E dirham?in 70 words
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The United Arab Emirates dirham (Arabic: درهم, sign: د.إ; code: AED), also known as simply the Emirati dirham, is the currency of the United Arab Emirates. The dirham is officially abbreviated "AED", while unofficial abbreviations include "DH" or "Dhs.". The dirham is subdivided into 100 fils
The name Dirham derives from the Greek word Drachmae, literally meaning "handful", through Latin.[2] Due to centuries of old trade and usage of the currency, dirham survived through the Ottoman Empire.
The United Arab Emirates dirham was introduced on 19 May 1973. It replaced the Qatar and Dubai riyal at par. The Qatar and Dubai riyal had circulated since 1966 in all of the emirates except Abu Dhabi, where the dirham replaced the Bahraini dinar at 1 dirham = 1/10 dinar. Before 1966, all the emirates that were to form the UAE used the Gulf rupee. As in Qatar, the emirates briefly adopted the Saudi riyal during the transition from the Gulf rupee to the Qatar and Dubai riyal.
The name Dirham derives from the Greek word Drachmae, literally meaning "handful", through Latin.[2] Due to centuries of old trade and usage of the currency, dirham survived through the Ottoman Empire.
The United Arab Emirates dirham was introduced on 19 May 1973. It replaced the Qatar and Dubai riyal at par. The Qatar and Dubai riyal had circulated since 1966 in all of the emirates except Abu Dhabi, where the dirham replaced the Bahraini dinar at 1 dirham = 1/10 dinar. Before 1966, all the emirates that were to form the UAE used the Gulf rupee. As in Qatar, the emirates briefly adopted the Saudi riyal during the transition from the Gulf rupee to the Qatar and Dubai riyal.
DERINJV1:
not more than 70 words
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