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The currency of the country is the Dirham with the abbreviation of AED. Dirhams are divided into subunits called fils; one Dirham (AED) = 100 fils.
The Dirham is fixed against the U.S. Dollar at a rate of approximately US$1 = AED 3.68, although there are rumours of a revaluation due to dollar weakness (early 2007).
Dirham notes are in denominations of AED1000, 500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of AED1, and 50, 25, 10, 5 and 1 fils.