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UAE’s Central Bank Issues Two New Polymer Banknotes

The Central Bank of the UAE (CBUAE) has launched two new banknotes in denominations of 5 dirhams and ten dirhams, that are produced from polymer and are enhanced by superior technical specs and novel safety features. While the brand new ten dirham banknote was circulated from 21 April, 2022, the brand new 5 dirham notice was launched yesterday (26 April, 2022). The present banknotes of each denominations will stay in circulation together with the brand new polymer notes.

The new banknotes are the third difficulty of the nationwide foreign money and description the Central Bank’s purpose to maintain tempo with the nation’s bold imaginative and prescient for the subsequent fifty years, particularly within the monetary and financial sectors. The two banknotes had been issued following the success of the preliminary fifty dirham polymer notice.

The polymer notes spotlight CBUAE’s adoption of sustainable practices and its efforts to enhance environmental requirements within the monetary sector and promote sustainable progress by means of environmentally-friendly, recyclable, and sturdy supplies comparable to polymer, thereby making them extra lengthy lasting and sustainable than the traditionally-used cotton paper banknotes.

The Central Bank continued the strategy of the third difficulty by mixing fashionable applied sciences with aesthetic design. A clear window that includes a portrait of the late founding father Sheikh Zayed bin Sultan Al Nahyan, and the brand of the UAE nation model with fluorescent drawings and inscriptions created through the use of superior intaglio printing strategies are the 2 distinctive options of the brand new foreign money notes.

Though the color schemes of the 2 new banknotes have been retained, sure artistic adjustments have been integrated. Images of UAE nationwide and cultural symbols such because the Ajman Fort and the Dhayah Fort are printed on the brand new 5 dirham banknote, whereas the Sheikh Zayed Grand Mosque and the Khorfakkan Amphitheatre function on the brand new ten dirham notice.

The polymer notes additionally include high-quality safety features utilizing worldwide requirements and expertise to boost shopper confidence and to particularly fight counterfeiting of the nationwide foreign money.

Governor of CBUAE Khaled Mohammed Balama says, “The issuance of the brand new banknotes in all three denominations of 5 dirhams, ten dirhams, and fifty dirhams, is a supply of nice pleasure as they function distinguished landmarks that replicate the historical past of the United Arab Emirates and its immortal legacy, each on the similar time. It additionally displays the long run imaginative and prescient of improvement and prosperity within the nation.”

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