Currencies Used in the Arab World

Intro

The Arab region features a diverse range of currencies.

Gulf Region

Countries like UAE use the Dirham (AED), and Saudi Arabia uses the Riyal (SAR).

North Africa

Morocco, Egypt, and Algeria use the Dirham, Pound, and Dinar, respectively.

Levant Countries

Lebanon and Jordan use the Lebanese Pound and Jordanian Dinar.

Unified Currency Efforts

Discussions about a common Gulf currency remain ongoing.

Role of the US Dollar

Many Arab economies peg their currencies to the US Dollar for stability.

Future Outlook

Economic growth and global trade may reshape currency dynamics in the region.