The UAE national currency: what residents should know about the dirham

Getting to know the dirham

1. 1

   Know where the dirham comes from

   The dirham has an official history. The 'Currency Board' was established as per Union Law No. 2 of 1973 , which was replaced by Law No. 10 of 1980 concerning the Central Bank, Monetary System and Organization of Banking (PDF, 550 KB) . The Currency Board issued the national currency that replaced the Bahraini Dinar and the Qatari and Dubai Riyal currencies that were in use at the time.

   Documents:Union Law referenceCentral Bank Law
2. 2

   Recognise a genuine banknote

   The first notes issued had both Arabic and English lettering, with various landmarks of the UAE printed on them. To combat counterfeiting, a watermark of the national emblem appears on the obverse of each note. When you receive cash, hold the note to the light and look for that watermark.

3. 3

   Understand what the dirham has become

   The dirham is recognised internationally. The UAE became the first central bank in the Arab region to join the FX Global Code, strengthening the dirham's position as a global currency.

4. 4

   Know about commemorative coins

   Alongside currency used for everyday transactions, the CBUAE also mints commemorative coins to celebrate the many highlights and achievements of the United Arab Emirates. Government entities, banks and the CBUAE are all entitled to request CBUAE to issue a commemorative gold, silver or circulation coin to mark an important occasion.

   Documents:Commemorative coin request
5. 5

   Respect the law on currency

   Handling money in the UAE comes with legal duties. Articles 239 to 245 of the UAE's Penal Code , as amended deal with forging national and or foreign currencies. If you suspect a note is fake, do not pass it on — report it.

   Documents:UAE Penal Code

Fees and timelines may change — verify with the official source.

Real companies from Google Maps — live ratings and reviews.