The official currency in Sharjah, United Arab Emirates, is the UAE Dirham. It is denoted by the symbol AED, which stands for United Arab Emirates Dirham. Banknotes come in denominations of AED 5, 10, 20, 50, 100, 200, 500 and 1000. Coins include 1, 50 fils and 25 fils. Currency exchange is widespread, and credit cards are widely accepted. A 5% value-added tax is levied on most purchases.