United Arab Emirates - Foreign Exchange ControlsUAE - Foreign Exchange Controls
The Emirati Dirham (AED, sometimes abbreviated Dhs) has been pegged to the U.S. dollar since 1980. The mid-point between the official buying and selling rate for the dirham has been fixed at AED 3.6725 per $1 since 1997. The authorities believe this promotes stability and confidence in the currency. Interest rates in the UAE tend to parallel those in the United States.
There are no currency restrictions in the UAE as residents and non-residents are entitled to hold fully convertible off shore or on shore bank accounts in the UAE or overseas in dirhams or in foreign currency.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
There are no currency restrictions in the UAE as residents and non-residents are entitled to hold fully convertible off shore or on shore bank accounts in the UAE or overseas in dirhams or in foreign currency.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.