Central Bank of the UAE (CBUAE) is pleased to announce that it is issuing a commemorative silver coin, a commemorative one Dirham coin and an AED 100 denomination Bank Note with “Year of Zayed” logo coinciding with the 47th National Day of the UAE celebrations.

CBUAE is issuing the commemorative currency to pay tribute to the life of the UAE’s Founding Father, the late Sheikh Zayed Bin Sultan Al Nahyan, may his soul rest in peace, and the pivotal role he had in establishing the UAE, its subsequent historical achievements and the Nation’s recognition on the global stage. Following in the footsteps of his late father, H.H. Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, has spared no effort in realising the ambitions of his father. This initiative from the Central Bank aims to pay tribute to the visionary leadership of the UAE and reinforce the history from which the people of the UAE derive their unique identity.

H.E. Mubarak Rashid Al Mansouri, Governor of CBUAE, stated: “It is very important to commemorate the Zayed Centenary and recognise his essential contribution to the rise and progress of the UAE. H.E. also added: “These commemorative editions reflect the spirit of the UAE’s and highlight the people’s loyalty to its founding father.”

The Central Bank will issue 5000 silver commemorative coins weighing 60 grams. The front side of the coin will feature the logo and the “Year of Zayed - 1918-2018”, while the back side will have the phrase “Commemorative Coin” and the nominal value of “100 Dirhams”.

The Central Bank will also put in circulation commemorative Dirhams. The back side of the coin will feature the “Year of Zayed 1918-2018” while the front-side of the coin will remain unchanged.

The silver commemorative coin will be available for sale at the Central Bank Main Office and Branches, while the commemorative Dirham coin and the special edition of the AED 100 Bank Note will be introduced into circulation as per the regular established procedures.

 

Source: Newgate Communications