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The United Arab Emirates (UAE) has issued a new banknote denominated at 1000 dirhams (AED). The dirham is the official currency of the UAE and is used alongside other currencies like the Indian rupee, taka (Bangladesh currency), and peso in some contexts, though not officially. The exchange rate of UAE dirham to Philippine peso (AED to PHP) fluctuates daily. The 1 dirham coin from the UAE is not worth a fortune but holds value as legal tender in the country.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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