UAE launches new banknote as part of nation’s 50th anniversary celebrations
The leaders of the United Arab Emirates attended the launch of the third issue of the national currency of 50 AED on Tuesday, as part of the UAE’s celebrations of the Golden Jubilee of their union, which was established on December 2, 1971 The new issue is the first banknote made of polymer material to circulate in the United Arab Emirates.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates; His Highness Sheikh Hamad bin Mohammed Al Sharqi, member of the Supreme and Sovereign Council of Fujairah; His Royal Highness Sheikh Saud bin Rashid Al Mu’alla, member of the Supreme Council and leader of Umm Al Qaiwain; His Royal Highness Sheikh Saud bin Saqr Al Qasimi, member of the Supreme Council and Ruler of Ras Al Khaimah; His Royal Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Governor of Sharjah; and His Royal Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, attended the announcement ceremony.
The initiative comes in honor of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, and the first generation of UAE leaders, as well as their dedication and historic role in uniting the country.
Speaking on the occasion, His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the Board of Directors of the Central Bank of the United Arab Emirates (CBUAE), said that this initiative perpetuates the exploits of the Founding Father. , the late Sheikh Zayed bin Sultan Al Nahyan and the first generation of UAE leaders, to commemorate their dedication and in recognition of their historic role in unifying the country under one flag.
“We see in this show the new phase the UAE will enter and a renewed commitment to continue to grow. The occasion also allowed us to express our appreciation and gratitude to our Founding Fathers by issuing a new post of 50 AED to celebrate the fiftieth anniversary of the founding of the United Arab Emirates, âsaid HH Sheikh Mansour.
The front of the new note features a portrait of the late Sheikh Zayed bin Sultan Al Nahyan on the right, and the founding fathers’ commemorative photo after the signing of the union document in the center, in addition to a photo of Wahat Al Karama – the memorial to the martyrs of the Emirates – on the left.
The reverse of the banknote features a photo of the late Sheikh Zayed bin Sultan signing the Union Agreement, and a photo of the Etihad Museum, which saw the establishment of the union and the raising of the UAE flag for the first time.
In line with its sustainability initiatives, CBUAE presents the new issue of the national currency of AED 50 as the UAE’s first polymer banknote. The best material for this purpose, polymer banknotes are more durable and durable than traditional cotton paper banknotes, last at least twice as long in circulation. The polymer can be fully recycled, reducing their environmental footprint.
The design of this new banknote contains distinctive aesthetic features, with different shades of purple, fluorescent blue markings of the UAE nation’s mark in the center, as well as designs and inscriptions created using advanced intaglio printing techniques. In this issue, CBUAE wished to maintain its consideration of all ticket users by adding braille symbols to help blind and visually impaired consumers identify the value of the ticket.
The new AED 50 banknote also comes with advanced security features, to boost consumer confidence and fight 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.
Â© WAM (UAE News Agency) 2021