UAE Central Bank and Financial Institutions Decree-Law

Article 55 — Article (55) Currency Specifications, Features and Denominations

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

1. Currency notes issued by the Central Bank shall be of such denominations, designs, and specifications, and bear such features as shall be decided by the Board of Directors and shall bear the official signature of the Chairman. 2. The Board of Directors shall determine the weight, composition, mix ratios, allowed variation, and all other specifications of Currency coins as well as the quantities of each denomination to be minted. 3. The Central Bank shall make necessary arrangements for printing of Currency notes referred to in item (1) of this article, and minting of Currency coins referred to in item (2) of this article, along with all matters relating to such printing, minting and safekeeping of such Currency notes and coins and related plates and dies.  4. The Central Bank shall issue the forms, designs, and specifications of the Currency in digital form, the conditions and controls for its possession, and other features determined by the Board of Directors. 5. The Central Bank shall publish decision to issue Currency notes and coins by the specifications, designs and all other features, in the Official Gazette.

WAWhatsAppTGTelegram