United Arab Emirates dirham (AED)

Identified internationally by AED, the United Arab Emirates dirham serves the monetary system of the United Arab Emirates. The monetary framework is administered by the Central Bank of the United Arab Emirates; cash circulates in banknotes and coins, with the fils as the minor unit. A formal link to the United States dollar is a defining exchange-rate feature, although the currency remains a separate issue with its own code and denominations. Coverage distinguishes the currency from the jurisdiction that uses it and from the authority that manages monetary policy or cash issuance.