Derham definitions
| Word backwards | mahred |
|---|---|
| Part of speech | The word "derham" is a noun. It is a Jordanian currency unit, equal to 1/100th of a Jordanian dinar. |
| Syllabic division | der-ham |
| Plural | The plural of the word "derham" is "dirhams". |
| Total letters | 6 |
| Vogais (2) | e,a |
| Consonants (4) | d,r,h,m |
Introduction to Derham
Derham is a unit of currency that was formerly used in the United Arab Emirates. This currency was in circulation before the UAE dirham was established as the official currency in 1973. The derham was used in the emirates of Abu Dhabi, Dubai, and Qatar.
History of Derham
The derham was introduced in 1966 to replace the Indian rupee as the official currency of the Trucial States. It was issued by the Currency Board and was pegged to the British pound. The term "derham" is derived from the Greek word "drachma," which means a handful. This currency was used for several years until the introduction of the UAE dirham in 1973.
Value of Derham
The value of the derham was equivalent to the British pound, with a pegged exchange rate of 1 pound to 10 derhams. This made conversions between the derham and other currencies relatively simple and straightforward. The derham was issued in banknotes and coins, with different denominations available for everyday transactions.
Legacy of Derham
Although the derham is no longer in circulation, it played an essential role in the development of the currency system in the United Arab Emirates. The introduction of the UAE dirham marked a significant milestone in the country's economic growth and stability. Today, the dirham is used as the official currency for all transactions in the UAE, replacing the derham as the primary form of payment.
Overall, the derham was a vital part of the currency history of the United Arab Emirates. While it may no longer be in use, its legacy lives on in the form of the UAE dirham, which continues to be a symbol of the country's economic prosperity and stability.
Derham Examples
- I exchanged my dollars for derham when I visited Morocco.
- The price of the souvenir was ten derham.
- He paid for the meal using derham coins.
- The currency exchange office only accepts derham banknotes.
- She received a handful of derham as a tip from the tourist.
- The taxi driver quoted the fare in derham.
- The local market only accepts payment in derham.
- He withdrew some derham from the ATM for shopping.
- The hotel bill was calculated in derham.
- I need to convert my derham back to dollars before leaving the country.