The Australian Dollar is currently the fifth-most-traded currency in world foreign exchange markets. It is also used in the Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu.
The dirham was introduced in 1973 to serve the seven countries of the United Arab Emirates. The seven countries, termed emirates, are Abu Dhabi, Ajmān, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain.
