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What is the currency of the United Arab Emirates?
A. Riyal
B. Dirham
C. Dinar
D. Rial
Correct Answer Is Option = Dirham
Notes / Explanation
The currency of the United Arab Emirates is the Dirham, which is the basic unit of the money system of the country. A currency is the system of money used within a country for all financial transactions, and knowing the currencies of the major countries of the world is a useful part of general knowledge that is frequently tested in examinations. The United Arab Emirates is a country located in the region of the Gulf, in the eastern part of the Arabian Peninsula, and it is a wealthy and prosperous country, largely because of its great reserves of oil and gas, which have made it rich and have allowed it to develop rapidly into a modern country with impressive cities and developments. The country is also an important centre of trade, business and tourism in its region, and its currency, the Dirham, is used for all the transactions of this busy and prosperous economy. The value of the Dirham, like that of other currencies, is measured in relation to other currencies, and it is a stable currency, its value being kept steady in relation to one of the major world currencies. The country attracts a great many workers, visitors and businesses from around the world, so that its currency is used by many people from different countries who live in, work in or visit the country. Learning the currencies of the countries of the world, particularly the countries of the Gulf region, which are important because of their wealth from oil and their role in trade, is a useful part of general knowledge, and it is helpful to note the different currencies used in the region, some of which have similar names. Questions asking about the currency of a particular country are among the most common types of general knowledge questions in examinations. For PPSC and other competitive examinations, the key points to remember are that the currency of the United Arab Emirates is the Dirham, that the country is a wealthy and prosperous country in the Gulf region made rich by its reserves of oil and gas, that it is an important centre of trade, business and tourism, and that the Dirham is a stable currency whose value is kept steady in relation to one of the major world currencies.
