Which currency did the UAE adopt in 1973, subdivided into 100 fils?
Answer and explanation
Correct answer: D. UAE Dirham
- Step 1: In 1973 the UAE adopted the dirham as its currency, and each dirham is subdivided into 100 fulus (fils). Abu Dhabi swapped the Bahraini dinar for the dirham, while the other emirates exchanged the Qatar and Dubai riyal at par. Answer: UAE Dirham. Why not the others: The Kuwaiti Dinar is the currency of another country, not the one the UAE adopted in 1973. the Saudi Riyal is the currency of another country, not the one the UAE adopted in 1973.
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