DUBAI: UAE rulers witnessed the launch of a new 50-dirham banknote on Tuesday, in celebration of the country’s 50th National Day. The initiative comes in honor of the UAE’s founding father, the late Sheikh Zayed bin Sultan Al-Nahyan, and the country’s first generation of rulers to commemorate their dedication and historical role in uniting the country. It is the first polymer banknote to be circulated in the country.

“We see in this issuance the new phase that UAE will enter, and a renewed pledge to continue its growth path. The occasion also allowed us to express our appreciation and gratitude to our founding fathers by issuing a new AED50 banknote to celebrate the fiftieth anniversary of the establishment of the UAE,” said Sheikh Mansour bin Zayed Al-Nahyan, Deputy Prime Minister and Chairman of the Board of Directors of the Central Bank of the UAE.
The front of the new banknote features a portrait of the late Sheikh Zayed on the right, and the memorial picture of the founding fathers after signing the union document.

Meanwhile, the back side includes a picture of the late Sheikh Zayed signing the union agreement as well as illustration of the Etihad Museum, which witnessed the establishment of the union and the raising of the UAE flag for the first time. According to state news agency WAM, the new banknote will be available in Central Bank branches and ATMs ‘in the near future’. The current 50- dirham note will continue to be used. Polymer banknotes are said to be more durable and sustainable than traditional cotton paper banknotes, lasting two or more times longer in circulation. They can also be completely recycled, thus reducing their environmental footprint.