UAE Dirham definition

UAE Dirham or “AED” means the lawful currency of the UAE.
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UAE Dirham means the lawful currency of the UAE.
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UAE Dirham means the lawful currency for the time being of the United Arab Emirates.
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Examples of UAE Dirham in a sentence

  • These are denominated primarily in UAE Dirham, with financial institutions and banks.

  • The foreign currency consisted of US$ 28685, UAE Dirham 440, South African Rand 1780, Turkey yen 90, Israeli Shekel 350, Jordan Dinar 09 and Swiss Franc 20.

  • The functional currencies of Group companies are primarily Euro, US Dollar, Egyptian Pound, Saudi Riyal, Algerian Dinar and UAE Dirham.

  • 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.

  • If any payment is made in any other currency, the Bank reserves the right to convert such currency to UAE Dirham or the Card Currency subject to the Bank’s prevailing exchange rate as on the date of posting the payment into the Card Account.

  • The UAE Dirham is pegged to the US Dollar, hence, balances in US Dollars are not considered to present a significant foreign exchange risk.

  • PayPass Debit Cardholder understands that all withdrawals (whether in UAE Dirham or a foreign currency) will be subject to single, daily and other limits determined from time to time by the Bank.

  • Foreign currency transactions are translated into the UAE Dirham at the rate ruling on the transaction date.

  • The amount of any Card transaction in a currency other than UAE Dirham will be converted into UAE Dirham at a rate of exchange determined by the Bank for the date when the relevant Card transaction is debited to the Card account.

  • 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.


More Definitions of UAE Dirham

UAE Dirham means the lawful currency of the uae.
Sample 1
UAE Dirham means the lawful currency of the UAE. as the Current Balance specified in the Card Statement which is due in full and payable not later than the date specified on the Card but the termination of the Primary Business Card shall also terminate the Additional Business Card(s).
Sample 1

Related to UAE Dirham

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