United Arab Emirates dirham / New Zealand dollar

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Updated: 18 Jan, 2:59 pm UTC
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The United Arab Emirates Dirham (AED) is the official currency of the UAE. It is used in all financial transactions, investments and markets in the UAE. It is a freely convertible currency and is widely traded on international Foreign Exchange (Forex) markets. AED provides an important source of liquidity for the UAE economy, allowing for efficient and effective facilitation of payments and investments. The currency is also used for international investments, as well as for remittances and transfers. The AED is a stable currency, making it an attractive option for investors and traders looking to diversify their portfolios. As well as providing investors with a safe-haven asset, the AED also benefits from its strong purchasing power and its low inflation rate.