The Central Bank of the United Arab Emirates announced the launch of two new banknotes in denominations of five and ten dirhams, made of "polymer" and characterized by technical specifications and advanced security features.
This new offering comes in the context of the third issue of the national currency and based on the Central Bank’s keenness to keep pace with the comprehensive renaissance and the ambitious development vision of the state in the next fifty years, especially in the financial and economic fields, after the success of the first offering of the 50-dirham banknote (polymer).
This also comes as an affirmation of the Central Bank’s adoption of the sustainability approach and its efforts to develop environmental standards in the financial sector and promote sustainable growth by using an environmentally friendly “polymer” material through its ability to be recycled, as these banknotes have a higher degree of durability and a longer shelf life than banknotes Made of cotton at a rate of two times or more.
The Central Bank continued the approach of the third edition, by blending modern technologies with the beauty of design. The aesthetics of the design in these two papers is represented in the presence of a transparent window decorated with the image of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, "may God rest his soul", and the logo of the state's visual media identity, in addition to the presence of advanced geometric shapes, drawings and inscriptions designed using intaglio printing techniques and fluorescent inks. .
Technical characteristics of the five-dirham banknote.
In designing the new five-dirham banknote, the Central Bank was keen to preserve the technical characteristics of the color in the paper banknote currently in circulation of the same denomination, to facilitate identification by the public.
Pictures of a number of national and civilizational symbols in the UAE were also included in the design. In the center of the front face of this banknote, the image of "Ajman Fort" appears as an archaeological and historical landmark that stands as a witness to the cultural and historical legacy of the fathers and grandfathers. In the center of the reverse side of the banknote, an image of "Dayya Castle" appears in the Emirate of Ras Al Khaimah, which is a distinctive cultural and heritage destination in the country.
Technical characteristics of the ten-dirham banknote.
The new 10 dirham banknote kept its green color, to be similar to the color of the banknote currently in circulation. In the center of the front face appears the image of the Sheikh Zayed Grand Mosque, which is a prominent religious, national and cultural landmark in the country, and enjoys a distinguished position in the world. In the center of the reverse side of the banknote, there is an image of "Khorfakkan Amphitheater" as one of the prominent cultural monuments in the Emirate of Sharjah.
The security features of the two banknotes.
The Central Bank has worked to employ the latest international standards and technologies in the two new banknotes, and to use technical specifications and high-quality apparent and latent security features in the banknote industry to enhance the confidence of dealers in the national currency as well as to combat counterfeiting. The two banknotes also include a touch and prominent feature in Braille to help blind dealers identify the value of the banknote.
The 10 dirhams (polymer) banknote will be released for circulation as of today “Thursday” corresponding to April 21, 2022, and the new five dirhams (polymer) banknote will be released for circulation as of Tuesday, 26 April 2022. The two current banknotes will remain Of the same denomination in circulation together with the new (polymer) banknotes as banknotes whose value is guaranteed by law.
His Excellency Khalid Mohammed Balama, Governor of the Central Bank of the UAE, said on this occasion: “The issuance of the new banknotes of the five and ten denominations, and before that the fifty dirhams, is a source of pride and pride because of the symbols and connotations they carry that reflect the history of the United Arab Emirates and its immortal heritage, at the same time. It reflects the future vision of development and prosperity in the country.”
His Excellency added: "Thanks to the wise guidance and firm support of our wise leadership, we look forward with confidence and optimism to the future to achieve more achievements and reach global leadership. We at the Central Bank affirm our commitment to the constant quest for the UAE dirham to become an international currency that is used on a global scale."