What is the legal currency of the United Arab Emirates (UAE)?
Answer and explanation
Correct answer: A. UAE Dirham (AED)
- Step 1: The UAE Dirham was introduced on May 19, 1973, replacing the Qatar and Dubai riyal and the Bahraini dinar (used in Abu Dhabi).
- Step 2: It is subdivided into 100 fils and pegged to the US dollar at approximately 3.6725 AED per USD.
Answer
UAE Dirham (AED)
Why not the others: 'Saudi Riyal' is the currency of Saudi Arabia; 'Qatari Riyal' is the currency of Qatar; 'Omani Rial' is the currency of Oman.
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