The Central Bank of the UAE (CBUAE) announced last year that it would launch a new AED1000 banknote on the 51st UAE National Day. Starting April 10, 2023, the new banknote of AED1000 denomination, made of polymer, would be in circulation in the market.
It will be available at banks and exchange houses. The currency is designed to pay tribute to the UAE’s major achievements in space exploration and climate action.
What’s special about the new AED1000 banknote?
The new AED 1000 banknote will be made of polymer similar to the relatively new Dhs5, Dhs10 and Dhs50 banknotes.
The distinctive aesthetic characteristic of this banknote lies in the different shades of brown used which preserves 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.
How it looks..
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 1976.
This ambition was achieved in the Emirates Mars Mission “Hope Probe” journey in 2021. The words ‘Emirates Mission to Explore Mars – the Hope Probe’ are printed on the left side, with an image of an astronaut appearing on both sides of the currency as a security mark. It marks the arrival of the first Emirati astronaut to space.
The back of the note depicts the Barakah Nuclear Energy Plant, which highlights the country’s efforts towards reducing carbon emissions and tapping into clean energy. According to WAM, ‘The Plant will play a key role in diversifying energy sources in the country, reduce carbon emissions and hence enable the UAE to advance further in meeting its international obligations in this regard.’
The new Dhs1000 banknote will be the fourth issuance of the National Currency Project. Made of polymer, the currency will feature advanced security features and prominent symbols in Braille to help the visually impaired identify the currency. It is also more durable than the traditional cotton paper banknotes.
Khaled Mohamed Balama, Governor of the CBUAE, stated, ‘The issuance of the new AED1000 banknote comes under the vision of UAE’s President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to keep up with the comprehensive development our country is witnessing, and represent UAE’s global achievements and successes, as well as highlight its future ambitions in various sectors.’
The new banknote will be in circulation alongside the current AED1000 note whose value is guaranteed by the UAE law.
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