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UAE announces AED 1,000 banknote

UAE issues the AED 1,000 banknote

UAE announces AED 1,000 banknote

Here’s what we know…

If you live in the age of credit cards and cryptocurrency payments, you may be wondering who still uses cash.

Money, after all, makes the world go round, and in Dubai, cash remains a popular payment option for both residents and tourists.

The Central Bank of the UAE provided a first look at the new AED 1,000 banknote earlier this week, which is due to enter currency on April 10th.

Last year, the first set of banknotes (AED 5 and AED 10) made from recyclable polymer material were launched as a move toward more sustainable growth and development.

They are more durable and sustainable than typical cotton paper banknotes, staying twice as long in circulation without being destroyed! Isn’t it great?

The beauty is in the details.

The new banknote’s artistic design is inspired by the original AED 1,000 note, with a brown and neon blue color palette, the UAE’s nation logo, and intaglio-printed drawings and inscriptions.

The face of the banknote is inspired by and commemorates the 2021 Emirates Mars Mission “Hope Probe” voyage, featuring a picture of the space shuttle and an astronaut security mark to commemorate Sultan Al Nayedi, the UAE’s first Emirati astronaut in space.

The front of the banknote also has a portrait of the late Sheikh Zayed bin Sultan Al Nahyan, with a space shuttle inspired by his visit with NASA pioneers in 1974.

The pictures of Abu Dhabi’s Barakah Nuclear Energy Depot on the reverse of the notes commemorate the country’s efforts to diversify its energy sources and reduce carbon emissions.

Isn’t it cool?

Interesting fact: The new banknotes are made of polymer and include advanced technical and security features that make them x2.5 stronger than the old ones, making them nearly impossible to rip! (Do not attempt this at home)

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AR

AR is a word at heart, despite being a minimalist at heart. He is always looking for new topics to write about.

This Blog is provided solely for educational reasons, including broad information and a general comprehension of its content, including related laws and regulations, and is not intended to give particular legal advice. The Blog is not intended to replace competent advice from a registered expert.

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