The Central Bank of the United Arab Emirates has launched two new banknotes.
The Dh5 and Dh10 notes are made of polymer and include a number of security features.
The banknotes are the third version of the Dh5 and Dh10 notes and use environmentally friendly and recyclable polymer material. The material is more durable than traditional cotton-paper banknotes, lasting two or more times longer in circulation.
The notes include a transparent window featuring a portrait of the late Founding Father, Sheikh Zayed bin Sultan Al Nahyan. They also feature the UAE brand logo, along with fluorescent drawings and inscriptions created using special printing techniques.
The UAE launched a new Dh50 note to coincide with its 50th anniversary last year.
Dh5 note
The same colour scheme has been kept for the new Dh5 note, so that the public does not confuse it with another denomination.
The design includes UAE national symbols, and in the forefront of the note is a depiction of Ajman Fort. Appearing on the back of the note is an image of Dhayah Fort in Ras Al Khaimah.
Dh10 note
Similar to the Dh5 note, this one also keeps its familiar green hue. In the centre is an image of the iconic Sheikh Zayed Grand Mosque in Abu Dhabi. On the back is a depiction of the Khorfakkan amphitheatre, a notable cultural landmark in Sharjah.
When will the new notes be available?
The Dh10 note will enter circulation today and the Dh5 one on Tuesday, April 26.
Current versions of the notes will continue to be used along with the new polymer versions.
Both notes have security features to combat counterfeiting and feature braille symbols for the visually impaired.
“The new banknote issuance of five and 10 dirhams, and previously the 50 dirham note, is a source of great pride and honour," said Khalid Mohammed Balama, Governor of the Central Bank.
"The new banknotes feature symbols and images that reflect the UAE’s history and heritage, as well as embodying development and modernisation.”
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
Other ways to buy used products in the UAE
UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.
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Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.
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How much do leading UAE’s UK curriculum schools charge for Year 6?
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- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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