CBUAE introduces a new national currency issue of AED 50
UAE leaders on Tuesday witnessed the launch of the third issue of the national currency of 50 dirhams to coincide with the UAE’s celebration of the golden jubilee of its union. The new issue is the first banknote made of polymer material to be in circulation in the UAE.
The initiative is taken to honour the founding father, the late Sheikh Zayed Bin Sultan Al Nahyan, and the first generation of Emirati rulers, their loyalty and historic role in uniting the country.
His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister for Presidential Affairs and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), said the initiative commemorates the exploits of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, and the first generation of the UAE rulers in recognition of their dedication and in recognition of their historic role in uniting the country under one flag.
The obverse of the new banknote features a portrait of the late Sheikh Zayed bin Sultan Al Nahyan on the right, a commemorative photograph of the founding fathers after the signing of the union document in the centre, and an image of Wahat Al Karam – the Emirates Martyrs’ Memorial – on the left.
The reverse of the banknote depicts the late Sheikh Zayed bin Sultan signing the union agreement, as well as the Etihad Museum, which witnessed the creation of the union and the first raising of the UAE flag.
In line with its sustainability initiatives, the CBUAE is introducing a new national currency issue of AED 50 as the UAE’s first polymer banknote. Polymer banknotes, which are the best material for this purpose, are more durable and sustainable than traditional cotton paper banknotes and last twice or more times longer in circulation. The polymer can be fully recycled, reducing its environmental impact.
The design of the new banknote features distinctive aesthetic features: different shades of purple, fluorescent blue UAE state brand marks in the centre, as well as designs and inscriptions created using advanced intaglioprinting techniques. In this edition, the CBUAE has shown attention to all banknote users by adding prominent symbols in Braille to help blind and visually impaired consumers identify the denomination of the banknote.
The new 50 dirham banknote also features enhanced security features to enhance consumer confidence and combat counterfeiting.
The new banknote will be available at Central Bank branches and ATMs in the near future. The current AED 50 banknote will continue to be in circulation as a banknote whose value is guaranteed by law.
.@HHShkMohd, @MohamedBinZayed, Rulers of the Emirates, and Crown Princes witness the launch of a new 50 dirham banknote on the occasion of the Golden Jubilee of the #UAE. pic.twitter.com/JZAWsHMUiq
— Dubai Media Office (@DXBMediaOffice) December 7, 2021
