New AED 1,000 banknote to be put into circulation - Dubai People
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New AED 1,000 banknote to be put into circulation

A new AED 1,000 banknote will come into circulation in the United Arab Emirates. It will be printed in early 2023 and will be made of polymer with special security features, the UAE Central Bank said.

The current banknote will remain in circulation and will be available for payment as before. The new one features the UAE’s founding father and first president, Sheikh Zayed bin Sultan Al Nahyan, as well as a space probe. The latter highlights the UAE’s role in space exploration.

The banknote is thus dedicated to the Emirati space mission to Mars – the Hope probe is exploring the red planet today. An image of an astronaut has been added as a security feature – on both sides of the banknote.

The reverse side also depicts Barak’s Abu Dhabi nuclear power plant, symbolising the UAE’s aspirations for a green future and rejection of its carbon footprint.

In the spring of 2022, the UAE Central Bank issued two new-format banknotes in denominations of AED 5 and AED 10. They are made from environmentally friendly and recyclable polymer material, which is twice as strong as cotton-paper.

The banknote features portraits of the UAE founding father Sheikh Zayed bin Sultan Al Nahyan, the UAE’s official logo, as well as fluorescent paintings and inscriptions created using special printing techniques.

Both banknotes have anti-counterfeiting features and Braille symbols for the visually impaired. The UAE Central Bank said the images and symbols on the banknotes represent not only the UAE’s heritage but also the country’s development and modernisation.

In December 2021, the UAE Central Bank issued a 50 dirham banknote to commemorate the country’s “Golden” Jubilee. The banknote features the UAE’s first president Sheikh Zayed bin Sultan Al Nahyan and other founding rulers as well as national and historical monuments.

Source: Time Out Dubai

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