Money
Currency: UAE Dirham (Dh) = 100 fils. Notes are in denominations of Dh1000, 500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of Dh1, and 50, 25, 10, 5 and 1 fils.
Note: The Dirham is tied to the US Dollar.
Currency exchange: Most hotels will handle the exchange of foreign currency.
Credit & debit cards: American Express, Diners Club, Visa and MasterCard are widely accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: These are widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.
Currency restrictions: The import and export of both local and foreign currency are unrestricted.
Exchange rate indicators
The following figures are included as a guide to the movements of the UAE Dirham against Sterling and the US Dollar:
| Date | Feb ’02 | May ’02 | Nov ’02 | Feb ’03 | | £1.00= | 5.25 | 5.35 | 5.81 | 5.85 | | $1.00= | 3.67 | 3.67 | 3.67 | 3.67 |
Banking hours: Sat-Wed 0730-1300, Thurs 0730-1200. Some also open Sat-Wed 1630-1800.
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