The official currency is the UAE dirham (Dh). One dirham is divided into 100 fils. Notes come in denominations of five, 10, 20, 50, 100, 200, 500 and 1000. Coins are Dh 1, 50 fils, 25 fils, 10 fils and 5 fils. The government has issued new coins that are smaller than the old ones. Both types remain legal tender.The UAE dirham is fully convertible and pegged to the US dollar at a current exchange rate of US$ = Dh 3.67.