Preferred Currency to Use in Dubai


When travelling to Dubai, it is important to have a clear understanding of the currency options available to ensure a smooth and hassle-free experience. Today we will discuss the best currency to use in Dubai and provide some really quick and easy tips to help you make the most out of your financial transactions hassle-free in this city.


Currency Options in Dubai The official currency of Dubai is the United Arab Emirates dirham (AED). It is commonly abbreviated as DH or Dhs. The dirham is widely accepted throughout the city, and you will find it convenient to use for most of your transactions. While the dirham is the primary currency, other major currencies such as the US dollar (USD) and the Euro (EUR) are also accepted in many establishments, particularly those catering to tourists.

Benefits of Using the Dirham

Using the local currency, the dirham offers several advantages during your stay in Dubai. Here are a few reasons why it's beneficial to have the currency on hand:

  1. Widely Accepted: The dirham is the primary currency in Dubai, and it is widely accepted at hotels, restaurants, shops, and tourist attractions. By having dirhams, you will be able to make purchases without any issues or concerns about currency exchange.

  2. Cost Efficiency: When you use the local currency, you avoid potential currency conversion fees or unfavourable exchange rates that may be applied if you use your home currency. By paying in dirhams, you can ensure that you are getting the most value for your money.

  3. Better Negotiation: If you plan on exploring traditional markets or souks, having dirhams will give you an advantage in negotiating prices. Vendors often prefer cash transactions and may be more willing to offer discounts when you pay in the local currency.

  4. Convenience: Carrying dirhams in your wallet or using the Muthoot FinCorp ONE multi-currency card allows you to have quick access to cash whenever you need it. It eliminates the need to search for currency exchange offices or worry about finding ATMs that dispense your home currency.

Where to Get Dirhams: To acquire dirhams, you have several options:

  1. Currency Exchange: At Muthoot FinCorp ONE, we provide seamless financial services for Forex services, allowing you to buy, sell, and reload your Forex cards. With competitive exchange rates and a hassle-free process, you can easily obtain dirhams securely through their website or by visiting our branch.

  2. Multi-currency Cards: We at Muthoot FinCorp ONE also provide multi-currency cards that allow you to carry multiple currencies, including dirhams, on a single card. These cards are widely accepted, secure, and convenient to use, making it an excellent option for your Dubai trip.

  3. ATMs: Once in Dubai, you can withdraw dirhams from ATMs using your international debit or credit card. However, keep in mind that you may be subjected to additional fees charged by your home bank for international ATM withdrawals.

Quick Tips for Currency Exchange: Here are a few quick tips to help you make the most of your currency exchange transactions in Dubai:

  1. Compare Exchange Rates: Before exchanging your money, compare the exchange rates offered by different providers, including banks and Forex services. Look for competitive rates to ensure that you receive the best value for your currency.

  2. Plan Ahead: Avoid exchanging large amounts of money at airports or tourist areas, as they typically offer less favorable rates. Instead, plan your currency exchange needs in advance and visit trusted exchange offices or banks in the city for better rates.

  3. Be Cautious with Credit Cards: While credit cards are widely accepted in Dubai, be aware that some establishments may charge additional fees for credit card transactions. Always inquire about any potential fees before using your credit card.

  4. Keep Small Denominations: When you receive dirhams as change, try to keep smaller denominations for easier use in taxis, local shops, and smaller establishments that may not accept larger notes.

In Dubai, the local currency, the dirham, is widely accepted and offers several advantages for tourists. By obtaining dirhams through Muthoot FinCorp ONE or using our multi-currency cards, you can get competitive exchange rates, convenience, and security during your stay. Remember to compare exchange rates, plan, and keep small denominations for a hassle-free currency experience in Dubai.

With Muthoot FinCorp ONE, you can get Forex securely and reliably with competitive exchange rates. You can get cash from the branch, or a multi-currency card delivered to your doorstep. Reload your card with multi-currency hassle-free. Also, enjoy hassle-free international money transfers, anytime and anywhere.

So what are you waiting for? Head to Muthoot FinCorp ONE app website today to know more.

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