Banks & Money

Currency

The monetary unit is the 'dirham' (Dhs.) which is divided into 100 'fils'. The currency is also referred to as AED (Arab Emirate Dirham). The dirham has been pegged to the US dollar since 1980, at a mid rate of US$1 to Dhs.3.6725.

Banks & ATMs

Normal banking hours are usually Saturday to Thursday, from 08:00 to 13:00 or 14:00. Most banks operate ATMs which accept a wide range of cards. Common networks around Dubai include American Express, Cirrus, Global Access, MasterCard, Plus System and VISA. ATMs can be found in shopping malls, the airport, petrol stations and at various street-side locations. You will probably pay a minimal charge if you use an ATM that does not belong to your bank.

Money Exchanges

Money exchanges are available all over Dubai, offering good service and reasonable exchange rates, which are often better than the banks. You’ll find at least one in all major shopping malls. Additionally hotels will usually exchange money and travellers cheques at the standard hotel rate.

Credit Cards

Most shops, hotels and restaurants accept major credit cards (American Express, Diners Club, MasterCard, Visa). Smaller retailers are sometimes less keen to accept credit cards and you may have to pay an extra 5% for processing.