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The flag of United Arab Emirates was officially adopted on December 2, 1971.

The flag features three equal horizontal bands of green, white and black, with a wider vertical red band on the hoist side. It features the same colour scheme as several other Arab countries including Kuwait, Palestine, Syria and Iraq. The Pan-Arab colours represent:聽fertility (green), neutrality (white), petroleum resources (black), and unity (red).

Before the UAE formed a federation, the individual Emirates all had flags that were mostly Red. As of 1975, all Emirates began using the officail federal flag above interchangeably as the flag of the Emirate.

National Anthem

• Anthem Title: Ishy Bilady (Long live my country)
• Composer: Mohammad Abdul Wahab
• Lyricist: Arif Al Sheikh Abdullah Al Hassan
• Year of Completion: Unspecified
• Date of Adoption: 1971 lyrics adopted in 1986

The national anthem of the UAE is called the聽Ishi Biladi which translates to 鈥渓ong live my nation鈥� created by famous Egyptian composer Mohammad Abdul Wahab. The lyrics were written in 1986 by poet and scholar Arif Al Sheikh Abdullah Al Hassan after which it was officially adopted as the UAE national anthem.聽

The official currency of the United Arabs Emirates is the United Arabs Emirates dirham, also known as the Emirati dirham. It is abbreviated 鈥淎ED鈥� and represented by the symbol "Dhs" or 鈥淒H.鈥� The AED has been in use since 1973, when it replaced the traditional currencies including the Dubai and Qatar riyal. The United Arab Emirates dirham is subdivided into 100 fils, also a sub-unit for other currencies including Kuwait dinar, Iraqi dinar, and Yemeni riyal. The dirham is available in several denominations ranging from 5 to 1,000, with 1 dirham unit existing in coin form only. The dirham has been pegged to the US dollar since 1978 at the rate of 3.6725 AED to one dollar.

Coins and Banknotes

United Arab Emirates dirham coins were first issued in 1973 in denominations ranging from 1 to 50 fils and 1 dirham. The coins were struck in bronze and cupro-nickel. The coins bear numbers and values written in Eastern Arabic numerals and texts in Arabic. The 1, 5, and 10 fils coins are not commonly used because of their low values. Banknotes were also issued in 1973 by the UAE Currency Board in denominations ranging from 1 to 100 dirhams. In 1976, the 1000 dirham note was issued followed by a series of new notes in 1982. The 1982 series omitted the 1 and 1000 dirham notes. Text on one side of banknotes is written in Arabic, the numbers are written in Eastern Arabic numerals, while the texts on the reverse are written in English, with numbers in Arabic.

Competitiveness of the Dirham

The UAE dirham is ranked by the International Institute for Management Development (IMD) as one of the top 25 stable currencies in the 海角社区. It ranks above the currencies of major economies, such as Germany, Italy, France, and some strong Asian economies, such as Japan and Singapore. IMD also ranks the currency as the fifth most competitive currency in terms of purchasing power and the ability of several sectors of the economy to trade goods in other currencies other than the US dollar. The competitiveness of the AED is linked to the stability of the dollar and its dominance over other currencies.

Currency Regulation

In 2017, the Central Bank of United Arabs Emirates released a new set of regulations regarding the use of digital currencies. The regulations prohibited the use of all virtual currencies and virtual currency transactions in the country. The move aimed at boosting the use of the country鈥檚 official currency and sealing leaks in the financial sector. The Central Bank of UAE is responsible for the regulation of the financial sector and the circulation of the country鈥檚 currency. Despite the rate of inflation, investors still consider the UAE鈥檚 currency as one of the stable currencies of the 海角社区.