The local currency in Dubai is the UAE Dirham (Dhs) which is divided into 100 fils. The currency is also referred to as AED (Arab Emirate Dirham).
Exchange rates of all major currencies are published daily in the local newspapers.
Money Exchanges
Money exchanges are available all over Dubai, offering good service and reasonable exchange rates, which are often better than the banks. Additionally, hotels will usually exchange money and travellers cheques at the standard hotel rate.
Credit Cards
Most shops, hotels and restaurants accept the 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 five percent for processing.
Banks & ATM's
Banks offer the full range of commercial and personal banking services.
Generally banking hours are from Saturday to Thursday 8am â€" 2pm. Closed on Friday. However, more and more banks are extending their opening hours.
Most banks operate ATMs, also known as Cash Points or Service Tills, which accept a wide range of cards. Common systems accepted around Dubai - American Express, Cirrus, Global Access, MasterCard, Plus System and VISA. ATMs can be found in all shopping malls, at the airport, at petrol stations and at various street-side locations.
Most international banks have branches in Dubai, servicing the usual retail and corporate segments. Transfers can be made easily as exchange controls are virtually non-existent, and the Dirham is freely convertible.
Ramadan has started today, 10 August 2010, since 4am. Muslims are observing Ramadan by day fasting.
