Dubai, UAE — The Central Bank of the UAE (CBUAE) issued a new banknote of AED1000 denomination and made of polymer for circulation in the market.
The new banknote will be available at banks and exchange houses from 10 April 2023. It will be in circulation alongside the current AED1000 note whose value is guaranteed by the UAE law.
In the design of the new banknote, the CBUAE was keen to highlight the success story of the UAE, using images along with cultural and development symbols that reflect the global achievements of the UAE, which boosted its position amongst developed countries in a record time, WAM reported.
The design of the new banknote embodies the forward-looking vision and ambitions that has become a reality for the UAE as a leader in space exploration.
The distinctive aesthetic characteristic of this banknote lies in the different shades of brown used which preserves the color characteristics of the same denomination banknote currently in circulation to make it easy for the public to identify, in addition to the fluorescent blue marks of the UAE nation brand in the center, and drawings and inscriptions created using advanced intaglio printing techniques.
The front side of the new banknote depicts the image of the late Sheikh Zayed bin Sultan Al Nahyan, next to a model of a space shuttle, inspired by his meeting with the pioneers of the American space agency NASA in 1974.
The back of the new banknote features an image of the Barakah Nuclear Energy Plant in Abu Dhabi, which will play a key role in diversifying energy sources in the country and reduce carbon emissions.
To enhance consumers’ confidence and to combat counterfeiting of the national currency, the new banknote features advanced security features that include modern technologies such as SPARK Flow® DIMENSIONS, which is used for the first time in banknotes circulated in Europe, the Middle East, and Africa. Furthermore, the UAE is the first in the MENA region to issue the largest multi-colored KINEGRAM surface applied foil stripe in the new banknote issue.
In addition to the distinct visual effects in terms of security and design, the CBUAE added prominent symbols in Braille to help blind and visually impaired consumers to identify the banknote’s value.