Due to centuries of trade and usage of the currency, dirham survived through the Ottoman Empire.

All the Trucial States except Abu Dhabi adopted the Qatar and Dubai riyal, which was equal to the Gulf rupee prior to the devaluation.

However, these coins are primarily minted for collectors and commemorative purposes rather than for everyday circulation.So all amounts are rounded up or down to the nearest multiples of 25 fils.

[5] On 22 March 2008, The Central Bank of the United Arab Emirates released a Dhs 50 note.

[9] In 2024, The Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to the AED Stablecoin under its Payment Token Service Regulation.

The CBUAE's regulatory framework requires stablecoin issuers to maintain a reserve backing, with at least 50% held in cash in a UAE bank and the remainder in UAE government bonds or CBUAE Monetary Bills.

The UAE's supportive regulatory environment has attracted significant players, including OKX and crypto exchange M2, which have launched trading and conversion services in the country.

This development is part of the UAE's broader initiative to create a favorable environment for cryptocurrency and stablecoin operations.

[10] On January 28, 1978, the dirham was officially pegged to the IMF's special drawing rights (SDRs).

[12] Since November 1997, the dirham has been pegged to the US dollar at a rate of US$1 = Dhs 3.6725,[13] which translates to approximately Dh 1 = US$0.272294.