New polymer-based five and ten dirhams to come into circulation

ABU DHABI: The Central Bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and security features.

The ten and five dirham banknotes will enter circulation on April 21 and April 26 2022 respectively. Current banknotes of both denominations will remain in circulation along with the new polymer notes, as banknotes whose value is guaranteed by UAE law.

The new banknotes are the third issue of the national currency and reflect the CBUAE’s aim to keep pace with the nation’s development and vision in the next fifty years, particularly in the financial and economic sectors. These issues follow the success of the initial 50-dirham polymer note.

The new AED5 and AED10 banknotes highlight the CBUAE’s adoption of sustainable practices and its efforts to develop enhanced environmental standards in the financial sector and to promote sustainable growth by using environmentally-friendly and recyclable polymer materials. They are more durable and sustainable than traditional cotton paper banknotes, lasting two or more times longer in circulation.

The CBUAE employed the latest international standards and technologies in the two new banknotes, using enhanced technical specifications and high-quality security features (both apparent and latent) to enhance consumers’ confidence and combat counterfeiting of the national currency. Prominent symbols in Braille to help blind and visually impaired consumers to identify the banknote’s value were added to the banknotes.

WAM

online news Dubai |  Dubai online news | news UAE | UAE Tolerance |  latest | breaking | current headlines | Dubai breaking today | UAE breaking news | Breaking news  | today headlines | entertainment | Sports update |  Technology | World | Science | History | new | Environment | Update | Travel | Latest news | news update | Business headlines