UAE Central Bank and Financial Institutions Decree-Law

Article 53 — Article (53) Currency Issuance

Part Two: Currency · Chapter One: Currency Unit and Issuance

1. Issuance of Currency shall be the exclusive right of the State. This right shall be exercised solely and exclusively by the Central Bank. 2. No Person shall issue or put into circulation Currency or use any instrument as a payment or an exchange or token payable to bearer on demand, having the appearance of, or purporting to be, or are likely to pass as, or be confused with legal tender in the State or in any other country.

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