The UAE introduces new polymer 5 and ten dirham notes

The United Arab Emirates’ central financial institution has launched two new polymer banknotes for the 5 and ten dirham denominations, the official WAM information company reported on Thursday.

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The ten dirham be aware enters circulation on Thursday whereas the 5 dirham one can be launched on Tuesday.

Older banknotes will stay authorized tender for now.

Ajman Fort options prominently on the entrance of the 5 dirham be aware, whereas Ras al-Khaimah’s Dhayah Fort seems on the again.

As for the ten dirham be aware, Sheikh Zayed Grand Mosque in Abu Dhabi illustrates the entrance whereas the Khorfakkan Amphitheatre within the emirate of Sharjah decorates the again.

The brand new polymer 5 dirham be aware. (WAM)

Each notes have retained the identical coloration scheme because the paper variations with a view to make them simpler to establish.

The brand new notes boast improved security measures examine with the older paper notes, and their introduction follows the polymer 50 dirham be aware that entered circulation in December.

Polymer notes are extra sturdy than their paper counterparts and final two to a few instances as lengthy earlier than breaking down.

They can be absolutely recycled, in accordance with WAM.

“The brand new banknote issuance of 5 and ten dirhams, and beforehand the fifty dirham be aware, is a supply of nice pleasure and honor,” mentioned Khalid Mohammed Balama, Governor of the Central Financial institution of the UAE in a press release.

“The brand new banknotes characteristic symbols and pictures that replicate the UAE’s historical past and heritage, in addition to embody the brand new begin to hold tempo with the event and modernization aspiration,” he added.

“Due to the steerage and help of our clever management, we glance ahead with confidence and optimism to the longer term, to fulfilling extra achievements and place ourselves globally,” the financial institution governor mentioned.

“On the CBUAE, we proceed our dedication to make the UAE dirham to grow to be a widely-used worldwide foreign money.”

Learn extra:

UAE points new 50 dirham be aware to commemorate Golden Jubilee

UAE Eid al-Fitr vacation dates introduced for federal authorities staff

UAE points new system for visas, entry allow classes

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