The UAE officially opened their first banknoteA banknote (or ‘bill’ as it is often referred to in the US) is a type of negotiable promissory note, issued by a bank or other licensed authority, payable to the bearer on demand. More printing facility in early March. The plant is operated by Oumolat Security Printing Company and is located in the Khalifa industrial zone of Abu Dhabi.
The inauguration was made in presence of Sheik Mohammed bin Rashid, Vice President and Prime Minister of the country, who received the first 1,000 dirham banknote bearing the number « 1 ». The central bank governor Mubarak Rashed al Mansoori was present to receive the Sheik and show the facility’s equipment and latest technologies.
So far, the UAE’s banknotes were printed in France and the UK while coins are still produced by the Royal Canadian MintAn industrial facility manufacturing coins. More. Oumolat Security Printing aims to provide printing services to other central banks of the Middle East in the future.
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