Examples of UAE Dirham in a sentence
These are denominated primarily in UAE Dirham, with financial institutions and banks.
Spread between buying/selling rates of US Dollar, Pound Sterling, Euro, Saudi Riyal and UAE Dirham shall not exceed one percent of their buying rate.
Foreign currency transactions are translated into the UAE Dirham at the rate ruling on the transaction date.
For the purpose of the consolidated financial statements, the results and financial position of each entity are expressed in UAE Dirham (AED), which is the functional currency of the Bank, and the presentation currency for the consolidated financial statements.
The Group has income recorded in its overseas subsidiaries and is therefore exposed to movements in the foreign currency rates used to convert income into the Group presentation currency, the U.A.E. Dirham.
The functional currencies of the Group’s main operating subsidiaries are Sterling, the Singapore Dollar, the Hong Kong Dollar and the UAE Dirham.
UAE Dirham is currently pegged to USD and there are no differences on translation from functional to presentation currency.
The presentation currency of the Group is the UAE Dirham (AED); however, for presentation purposes only, additional columns for US Dollar (USD) equivalent amounts have been presented in the consolidated statement of financial position, consolidated statement of profit or loss, consolidated statement of comprehensive income and consolidated statement of cash flows and certain notes to the consolidated financial statements using a fixed conversion rate of USD 1.00 = AED 3.673.
Looking first at plaintiffs’ claims against Rosatti relating to the Brokerage Agreement and applying the factors mentioned above, plaintiffs’ allegations along with the Declaration of Jefferson Bramble (the “Bramble Declaration”) set forth a prima facie case of personal jurisdiction over Rosatti.
The Customer understands that there is risk associated with any Account denominated in a foreign currency, which for the purposes of these Terms and Conditions means any currency other than UAE Dirham.