What is Dubai's Internet virtual currency
although digital currency is not illegal, if digital currency is used for illegal activities, it must be illegal. Du coin is an unreliable Shanzhai coin. It is estimated that it is similar to MLM coin. Before, many Shanzhai coins have been used to defraud under the guise of bitcoin.
Du's common currency is the UAE dirham
the United Arab Emirates dirhams are issued by the Central Bank of the United Arab Emirates
there are 8 kinds of banknotes, which are 5, 10, 20, 50, 100, 200, 500 and 1000 dirhams respectively. In addition, there are 1 Dirham and 1,5,10,25,50 FEL coins. Different from most Arab countries, the carry of the second currency in the United Arab Emirates adopts the hundred carry system instead of decimal, that is, 1 Dirham equals 100 Fels
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UAE was originally a British protectorate, using special Indian rupees. After June 16, 1966, Saudi Arabia Riyal was temporarily used as the monetary unit, and Qatar / Du Riyal was used at the end of the year
On December 2, 1971, the UAE was formally established, but it did not issue its own currency. Instead, it used Bahraini Dinar (1.86621g, 1 Dinar to US $2.28) and Qatar / Du Riyal (0.86621, 1 Riyal to US $0.228) respectivelyafter the floating of pound sterling on June 23, 1972, the two currencies were no longer pegged to pound sterling and remained the original price ratio against the US dollar. On May 19, 1973, the UAE officially issued its local currency, Dirham, at the exchange rate of 3.947 Dirham to 1 US dollar, 10 Dirham to 1 Bahraini Dinar and 1 Dirham to 1 Qatari Riyal
Since January 1978, the dirhams have been pegged to the special drawing rights instead of the US dollar. On August 15, 1978, the central exchange rate depreciated by 7.25% On May 5, 1979, the free exchange of the diram with the Bahraini Dinar and the Qatari Riyal was suspended, and then the diram depreciated many times. Since 1980, the US dollar has been the intervention currency of the dirhams. The central bank only publishes the exchange rate of the dirhams against the US dollar. The exchange rate of the dirhams against other currencies is determined by commercial banks according to the exchange rate trend of the international marketin 1982, the Central Bank of UAE issued four new banknotes in denominations of 5, 10, 50 and 100 dirhams. The new banknotes and the old banknotes issued in 1973 circulate at the same time. And a new 200 Dirham banknote was added, which was first issued in 1973 in denominations not available in the city
The informal abbreviation of Dirham is "DH" or "DHS", which is the currency in circulation of the United Arab Emirates. The secondary currency unit is "FEL" (# - 1601) 1604; 1587; 8206;, Fils, 1 Dirham = 100 fils
conversion of currency value of UAE currency: 1 dirhams = 100 Fels
currency value: 1, 5, 10, 25, 50 Fels and 1 dirhams
Chinese full name: dirhams
currency value: 1, 5, 10, 20, 50, 100, 200, 500, 1000 dirhams
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extended datadirhams of the United Arab Emirates, Issued by the Central Bank of the United Arab Emirates, the Central Bank of the United Arab Emirates. In addition, there are 1 Dirham and 1,5,10,25,50 FEL coins. Different from most Arab countries, the carry of the second currency in the United Arab Emirates adopts the hundred carry system instead of decimal, that is, 1 Dirham equals 100 fil
1 USD = 3.6726 UAD
1 euro = 4.1376 UAD
1 pound = 5.2669 UAD
1 RMB = 0.5599 UAD
100 yen = 3.43 UAD
Du is located in the middle of the Middle East, facing a flat desert of Persian Gulf. It covers an area of 4114 square kilometers, accounting for 5.8% of the total area of the United Arab Emirates, ranking second after Abu Dhabi. The population is about 3102511 (April 2018), accounting for 41.9% of the total population of UAE, which is the most populous city
However, e to limited reserves and low proction level, the oil instry only accounts for less than 5% of Du's GDP after 2010. After oil, Du's economy relies mainly on tourism, aviation, real estate and financial servicesin 2016, the gross national proct of the emirate of Du was 376.8 billion dirhams (about 102.9 billion US dollars). Du also attracts the world's attention through large-scale construction projects and sports events. Du has the world's tallest man-made building, the tower of Khalifa, and the world's largest man-made island, palm island
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