Sunday, December 30, 2012

United Arab Emirates 5 Dirhams (2007)

The dirham (Arabic: درهم‎) (sign: د.إ) is the currency of the United Arab Emirates. The currency abbreviation for the United Arab Emirates dirham is AED. Unofficial abbreviations include DH or Dhs. The dirham is subdivided into 100 fils (فلس).

The United Arab Emirates dirham was introduced 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 = 0.1 dinar. Before 1966, all the emirates that were to form the UAE used the Gulf rupee.

The name Dirham derives from the Greek word Drachmae, literally meaning "handful", through Latin. Due to centuries of old trade and usage of the currency, dirham survived through the Ottoman regime.

Obverse: Sharjah Central Souq also known as Islamic Souq, the Blue Souq or the central market (souq meaning market in Arabic)

Reverse: Imam Salem Al Mutawa Mosque, which was formerly known as Al Jamaa mosque in Sharjah