The Central Bank of the UAE (CBUAE) announced that two new banknotes will be introduced in the UAE this week in the denominations of five and ten dirhams.
In a similar way to the Dhs50 banknote that was released in December 2021, the new Dhs5 and Dhs10 cash notes will be made of polymer and enhanced with advanced security features.
The new banknotes reflect 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.’
CBUAE is hoping that the new Dhs5 and Dhs10 notes will meet the same success as the new Dhs50 note.
Why CBUAE is changing Notes to polymer?
Unlike traditional cotton paper banknotes, they are more durable and won’t crumple or tear as easily. According to Emirates News Agency (WAM), they will last two to three times longer in circulation. Additionally, they are more sustainable and align with the CBUAE’s pursuit of sustainable growth.
The Dhs5 note will remain brown in colour and the Dhs10 note will remain green. However, both notes will have a transparent window that features the late founding father, Sheikh Zayed bin Sultan Al Nahyan, with the UAE national emblem.
Ajman Fort is the image on the Dhs5 note featuring the cultural and historic legacy of the UAE’s forefathers embodied in the note. This note features a picture of Ras Al Khaimah’s Dhayah Fort, another prominent cultural landmark of the UAE.
A photo of the Sheikh Zayed Grand Mosque appears on the front of the Dhs10 banknote, and the Khorfakkan Amphitheatre is depicted on the reverse.
Additionally, the banknotes will have prominent braille symbols to assist consumers who are visually impaired.
WAM reports a circulation date of Thursday, April 21 and Tuesday, April 26 for the new banknotes.
Khalid Mohammed Balama, Governor of the CBUAE, said, The new five and ten dirham notes, as well as the 50 dirham note, represent a great source of pride and honour for the government. New banknotes feature images and symbols that reflect the UAE’s history and heritage, while also reflecting our aspirations for modernization and development.
Please be aware that the current banknotes of both denominations will continue to circulate along with the new polymer notes.