UAE opens its first banknote printing facility

KIZAD-located facility is equipped with latest security and protection systems
Dubai Ruler Sheikh Mohammed receiving the first AED1,000 note printed by the company, bearing “number 1”. (Stranger/AFP/Getty Images)
By Staff writer
Sun 12 Mar 2017 08:18 AM

The UAE opened its first banknote printing company on Saturday, with Dubai Ruler Sheikh Mohammed receiving the first AED1,000 note printed by the company, bearing the “number 1”.

During his visit to the “Oumolat Security Printing” company, which is located in Khalifa Industrial Zone Abu Dhabi (KIZAD), WAM quoted Sheikh Mohammed as saying the UAE’s economic growth will be achieved through the clear strategy laid out in the UAE Vision 2021.

“The UAE’s success has created a unique model for human development, as well as for building a sustainable and diverse economy and ensuring the happiness of all members of its society,” he added.

The Dubai ruler was briefed by the UAE Central Bank governor, Mubarak Rashed Al Mansoori, about the facility’s production machinery featuring the latest technology and fully integrated state-of-the-art security and protection systems.

Currently, the dirham is printed overseas in countries such as the UK and France.

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