1 Dirham: The Smallest Denomination in Dubai
Introduction
The United Arab Emirates (UAE) is known for its stunning modern architecture, vibrant cities, and bustling economy. One of the seven emirates that make up the UAE is Dubai, a city that has become a popular tourist destination and business hub. The official currency of the UAE, including Dubai, is the United Arab Emirates dirham (AED). In this article, we will take a closer look at the 1 dirham coin, the smallest denomination in Dubai.
History of the 1 Dirham Coin
The UAE dirham was introduced in 1973, replacing the Qatar riyal and the Bahraini dinar. The 1 dirham coin was first minted in 1973 and has since undergone several design changes. The current design features an image of the national emblem of the UAE, which consists of a golden falcon with a disk in the center, surrounded by seven stars representing the seven emirates.
Design and Features
The 1 dirham coin is made of copper-plated steel and has a diameter of 22 mm. The coin weighs 4.5 grams and has a thickness of 1.5 mm. The obverse side of the coin features the national emblem of the UAE, while the reverse side shows the denomination "1 dirham" in Arabic numerals.
Rarity and Collectibility
The 1 dirham coin is a common coin and can be easily found in circulation. However, some commemorative coins and special editions may be more valuable and sought after by collectors. For example, the 1 dirham coin issued in 2015 to commemorate the 44th National Day of the UAE features a unique design and is considered a rare and collectible coin.
Uses and Acceptance
The 1 dirham coin is widely accepted in Dubai and the rest of the UAE as a form of payment for small transactions. It is commonly used to pay for parking fees, vending machines, and other small purchases. Some retailers may not accept the 1 dirham coin due to its low value, but it is generally accepted in most places.
Conclusion
In conclusion, the 1 dirham coin is an integral part of the UAE's currency system and is widely used in Dubai and the rest of the country. Its unique design and features make it a fascinating coin for collectors and numismatists. Whether you are a tourist visiting Dubai or a resident living in the UAE, the 1 dirham coin is an essential part of the local culture and economy.
