The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates. It is used extensively in the UAE for trading and investing, as well as for making payments and settling debts. AED is also a popular currency in global financial markets, as it is widely accepted and traded in the region. It is used as a base currency to hedge against currency fluctuations in other emerging markets, making it a popular choice for foreign investors. It is also a safe haven currency, providing investors with a stable and secure store of value.