The United Arab Emirates (UAE)'s official currency, the United Arab Emirates Dirham (AED), is abbreviated as "AED" and is symbolized by the Arabic letter "د.إ" The dirham actually can be divided into 100 fils and is pegged to the US Dollar at a rate of approximately 1 USD = 3.67 AED. The dirham is governed by the Central Bank of the UAE and is widely used for transactions in the UAE, as well as being accepted in other Gulf Cooperation Council (GCC) countries. The dirham is a symbol of the UAE's rich cultural heritage and is closely tied to the country's history and tradition. It is essential to note that the United Arab Emirates Dirham is used only in the United Arab Emirates.