New banknote issued in UAE

In honour of the international climate summit COP28 and the 52nd National Day, the United Arab Emirates has issued a new polymer banknote with a face value of 500 dirhams.

According to the UAE Central Bank, it goes into circulation from 30 November 2023. The banknote’s design reflects the UAE’s path to sustainable development and the country’s global role in combating climate change.

The front side features the Terra Sustainability Pavilion at Expo City Dubai, while the reverse side shows the Dubai Museum of the Future, a building described as an engineering marvel, as well as the Emirates Towers and the Burj Khalifa skyscraper.

A polymer material has been chosen for the banknote, making it twice as strong as the previous generation of banknotes. The material, which is fully recyclable, significantly reduces the environmental impact.

The AED 500 banknote uses a multi-coloured security chip technology known as KINEGRAM COLORS: the UAE was the first in the Middle East to use the largest strip of this type of foil on banknotes.

In the spring of 2023, the UAE put new Dh1,000 banknotes into circulation: they feature Sheikh Zayed bin Sultan Al Nahyan, the UAE’s founding father and first president, as well as a space probe. The latter emphasises the UAE’s role in space exploration.

Thus, the banknote was dedicated to the Emirati space mission to Mars. An image of an astronaut was added as a security mark – on both sides of the banknote. The reverse side also features the Barakah Nuclear Power Plant in Abu Dhabi, symbolising the UAE’s aspirations for a green future and abandoning its carbon footprint.

In December 2021, the UAE Central Bank issued Dh50 banknotes in honour of the state’s Golden Jubilee. The banknote features Sheikh Zayed bin Sultan Al Nahyan, the UAE’s first president, and other founding rulers, as well as national and historical monuments.

Source: Arabian Business

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