About the UAE Dirham

The UAE Dirham (AED) is the official currency of the United Arab Emirates, pegged to the US Dollar at a fixed rate of 1 USD = 3.6725 AED since 1997. The UAE is one of the most important destinations for Indian workers and businesses, and the AED is consistently one of the most traded currencies at Prime Forex branches in Chennai. Dubai and Abu Dhabi are major hubs for Indian expatriates, tourists, and business travellers.

Who needs UAE Dirham in Chennai?

Chennai has one of the largest Gulf worker communities in India, with a significant population of Tamil workers employed in the UAE — particularly in Dubai, Abu Dhabi, Sharjah, and other Emirates. Families sending remittances, workers returning home with AED to sell, tourists visiting Dubai, and business travellers make the UAE Dirham the most requested Gulf currency at Prime Forex.

Popular denominations

UAE Dirham notes are available in the following denominations: 5, 10, 20, 50, 100, 200, 500, 1000 UAE Dirhams. We stock a range of denominations at all branches — call ahead to confirm availability of specific notes.

Travel tips for United Arab Emirates

• The AED is pegged to the USD at 3.6725 — the exchange rate is very stable and predictable.
• Dubai and Abu Dhabi are largely cashless — credit and debit cards are accepted almost everywhere, but carry some AED cash for taxis, souks, and smaller shops.
• Currency exchange in Dubai (at "exchange houses") can offer competitive rates — but Prime Forex rates in Chennai are typically better than airport counters.
• The UAE does not have a currency declaration limit for amounts under AED 100,000 (approximately INR 22 lakh).
• If you are visiting multiple Gulf countries, note that each has its own currency — AED is only accepted in the UAE.