CBUAE issues new Dhs1,000 banknote

As part of the UAE’s 51st-anniversary celebrations, the Central Bank of the UAE (CBUAE) launched a new banknote of Dhs1,000 denomination.

The note, made of polymer, has a unique design and advanced security features.

The issuance of the new note is the fourth in the Third Issuance of the National Currency Project, reported the state news agency, WAM.

Read: UAE Central Bank launches two new banknotes

In the design of the new banknote, the CBUAE has highlighted the spirit of the union and the success story of the UAE, using images along with cultural and development symbols that reflect the pioneering global achievements of the UAE, which boosted its position amongst developed countries in a record time.

The new note highlights CBUAE’s continuous efforts to adopt sustainable practices by using recyclable polymer material, which are more durable and sustainable than traditional paper banknotes, lasting two or more times longer in circulation.

The design of this new banknote contains distinctive aesthetic characteristics, with different shades of brown. The CBUAE preserved the colour 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 centre, and drawings and inscriptions created using advanced intaglio printing techniques, reported WAM.

The CBUAE is the first in GCC and MENA regions to issue the largest multi-coloured KINEGRAM surface applied foil stripe in the new banknote issue.

This comes in line with its efforts to enhance consumers’ confidence and to combat counterfeiting of the national currency, making the UAE the first country in GCC and MENA regions to issue the largest of its kind surface applied foil stripe in banknotes.

In this issue, the CBUAE maintained its consideration of all banknote users by adding prominent symbols in Braille to help blind and visually impaired consumers to identify the banknote’s value.

The new banknote will be available in Central Bank branches and ATMs in the first half of 2023. The current Dhs1,000 note will continue to be in circulation, as a banknote whose value is guaranteed by law.

Khaled Mohamed Balama, governor of the CBUAE, said: “The issuance of the new Dhs1,000 banknote comes under the vision of UAE’s President HH Sheikh Mohamed bin Zayed Al Nahyan, to keep up with the comprehensive development our country is witnessing and represents UAE’s global achievements and successes, as well as highlight its future ambitions in various sectors.”