Growth and Power of UAE Dirham Currency
Oct 19, 2024ยทBy Tonna Beneto
One of the main advantage of UAE Dirham is its stability. Unlike other currencies, Dirham does not fluctuate regularly.
This makes the currency reliable for investors and businesses. Dirham is also widely accepted throughout the Middle East, making it convenient for tourists.
In addition, UAE is known for its strong economy due to:
- Strategic location
- Strong financial reserves
- Large sovereign wealth fund
- Promising investor home economies
- Consistent government spending
- Progressive policy of economic diversification
- Free zones
- Increased foreign direct investment that contribute to economy's inflation and growth as well as country's balance of trade.