United Arab Emirates dirham / Canadian dollar

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Updated: 18 Jan, 3:00 pm UTC
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The UAE Dirham is the official currency of the United Arab Emirates (UAE). It is used to buy goods and services in the UAE, as well as for international trading and investments. The UAE Dirham is the only recognized currency in the UAE and is used by investors and financial markets to facilitate transactions. It is also used to buy and sell foreign currencies in the foreign exchange market. The UAE Dirham is pegged to the US Dollar and is traded in global markets. The stability of the currency makes it an attractive investment for global investors. The UAE Dirham is also used as a base currency for other currencies, making it an important part of international financial markets.