UAE cbank issues 7 commemorative silver coins


The Central Bank of the United Arab Emirates (CBUAE) has issued seven commemorative silver coins in a set to mark the 50th anniversary of the founding of the Union of the Federation of the United Arab Emirates.

The ruling pays tribute to the founding fathers, led by the late Sheikh Zayed bin Sultan Al Nahyan, the state news agency reported WAM.

The CBUAE will issue 3,000 sets consisting of seven silver coins, each valued at AED 50 ($ 13.6) and weighing 28 grams. The front of the coin will feature a black and white image of one of the founding fathers and another color image of Their Highnesses, members of the Supreme Council of the Union, the current rulers of the Emirates.

The reverse side of all seven coins will have the fiftieth year logo surrounded by the name of the Central Bank of the United Arab Emirates in Arabic and English, in addition to the face value of the coin (50 AED).

Black and white photographs include the founding fathers, the late Sheikh Zayed bin Sultan Al Nahyan, Sheikh Rashid bin Saeed Al Maktoum, Sheikh Khalid bin Mohammed Al Qasimi, Sheikh Rashid bin Humaid Al Nuaimi, Sheikh Rashid bin Ahmed Al Mualla, Sheikh Saqr bin Muhammad Al Qasimi and Sheikh Mohammed bin Hamad Al Sharqi.

The colored images represent President His Highness Sheikh Khalifa bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; His Royal Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Sovereign of Sharjah; His Royal Highness Sheikh Humaid bin Rashid Al Nuaimi, member of the Supreme Council and sovereign of Ajman; His Highness Sheikh Hamad bin Mohammed Al Sharqi, member of the Supreme and Sovereign Council of Fujairah; His Highness Sheikh Saud bin Rashid Al Mu’alla, Member of the Supreme Council and Leader of Umm Al Qaiwain and His Majesty Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah.

The sets of seven commemorative silver coins will be available for sale at CBUAE headquarters and branches while stocks last, priced at AED 2,000, starting January 3.

Khaled Mohamed Balama, Governor of CBUAE, said: “This coin issue honors the Founding Fathers for their important role in establishing the Federation of the Seven Emirates, and in accordance with current wise leadership to continue the founders’ legacy. in building a nation to which we are proud to belong.

About Tammy N. McFarlane

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