UAE Central Bank wins award for new Dh1,000 banknote

Special foil stripe, security features and unique design clinch ‘Best New Banknote’ title

Last updated: March 11, 2023 | 22:13

2 MIN READ

new-uae-1000-banknote-wins-award-1678524935217

The accolade came at the ‘Banknote and ID Document of the Year Awards’ on the sidelines of the High Security Printing EMEA conference in Abu Dhabi that was held from March 8 to 10

WAM

Abu Dhabi: The Central Bank of the UAE (CBUAE) has won the ‘Best New Banknote’ award for its new Dh1,000 banknote characterised by unique designs and innovative security features.

This was announced at the annual awards ceremony for ‘Banknote and ID Document of the Year Awards’ held on the sidelines of the High Security Printing EMEA conference in Abu Dhabi from March 8 to 10.

The recognition has come as a result of the CBUAE’s implementation of the latest technical specifications and advanced security features in the new Dh1,000 banknote. The new banknote is made of polymer material and has three-dimensional designs.

Regional first

The CBUAE has incorporated advanced security technologies, used for the first time in the Europe, the Middle East and Africa (EMEA) region as well as the use of multi-coloured KINEGRAM, making the UAE the first country in the Middle East region to issue the largest of its kind surface applied foil stripe in banknotes.

Abu Dhabi hosted the High Security Printing EMEA Conference for 2023, organised for the first time in the Middle East region, with the participation of Oumolat Security Printing Company affiliated with the Central Bank, in the presence of 26 central banks and 280 representatives from 44 countries.

Also Read

World’s largest banknote on show in Dubai Be wary of counterfeit money, warn Sharjah Police What to do if you spot an odd banknote

The three-day event shed light on the future vision and ambitious plans set by the UAE to build a sustainable and globally competitive economy, and the investment opportunities the country has in various fields of technology and innovation, including those related to printing technology.

Saif Humaid Al Dhaheri

In his opening speech, Saif Humaid Al Dhaheri, Assistant Governor of the Central Bank of the UAE for Strategy, Financial Infrastructure and Digital Transformation, and Chairman of the Board of Directors of Oumolat Security Printing Company, said: “The UAE provides competitive advantages and an attractive environment for businesses and investments from international companies in various fields, especially those working in the fields of technology and innovation, as the UAE is a vital business hub in the world”.

He stressed on the CBUAE’s eagerness to enhance the country’s position in the field of advanced technologies in printing banknotes, by strengthening the role of Oumolat at a regional and global level.

The conference concluded with a tour organised by Oumolat for the participants at the company’s headquarters in Khalifa Industrial Zone in Abu Dhabi (Kizad), during which they presented the innovative business areas and the advanced techniques used in printing banknotes and other security documents.

Get the latest news and updates straight to your inbox