Arab News, Saturday, Dec 25, 2021 | Jumada Al-Uola 20, 1443
New 50 dirham polymer banknote is official currency, says UAE Central Bank
Emirates: The new 50 dirham polymer
banknote is official currency and to be used alongside the paper banknote of the
same value, the Central Bank of the UAE said.
Fifty dirhams is equal to about $13.61.
The new banknote has been distributed to banks and exchange houses, WAM reported
citing the CBUAE statement.
The new note, issued on Dec. 7, 2021 to commemorate the country's golden
jubilee, depicts the UAE’s founding father Sheikh Zayed bin Sultan signing the
union document, and on the opposite side features an image of the seven founding
leaders of the emirates.
Some central banks have found polymers to be longer-lasting and more
environmentally-friendly than paper banknotes.
Polymer banknotes can contain many more security features than paper banknotes,
the statement said.