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, His Highness Sheikh Hamad bin Mohammed Al Sharqi, Member of the Supreme Council and Ruler of Fujairah, and His Highness Sheikh Saud bin Rashid Al Mualla, Supreme Council Member and Ruler of Umm Al Quwain, His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman..
The Central Bank of the United Arab Emirates launched a new 50-dirham banknote on the occasion of the 50th National Day, in commemoration of the exploits of the late founder Sheikh Zayed bin Sultan Al Nahyan and the first generation of the rulers of the UAE, "may God bless them all", and in honor of their dedication and in gratitude for their historical role in uniting The state is under one flag. On this 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, said that the launch of the third issue of the national currency of fifty dirhams .. coincides with the celebrations of the UAE in the golden jubilee of its union, which was established in The second of December 1971.. The new issue is the first banknote made of "polymer" to be circulated in the UAE.
His Highness added: "We see in this issuance that the UAE has entered a new phase in its history and a renewed pledge to continue the process of economic and social growth.. This occasion also allowed us to express our appreciation and gratitude to our founding fathers, by issuing a new 50 dirham banknote to celebrate the passing of Fifty years since the establishment of the UAE.
The front side of the new banknote is decorated with a portrait of the late Sheikh Zayed bin Sultan Al Nahyan on the right side, and in the middle is the memorial picture of the founding fathers after signing the "Union Document." A picture of the late Sheikh Zayed bin Sultan Al Nahyan appears while signing the "Union Document", in addition to a picture of the Union Museum, which witnessed the establishment of the union and the raising of the UAE flag for the first time. In line with its initiatives towards sustainability, the Central Bank is introducing the new issuance of the 50-dirham national currency, as it is the first banknote made of "polymer", which is the best material for making banknotes.
It is noteworthy that the new banknote will be available in the Central Bank branches and ATMs in the near future.. The current 50-dirham banknote will continue to be in circulation, a banknote with a guaranteed value under the law.