The UAE’s Central Bank (CBUAE) announced Monday it has launched a new Dh100 banknote just ahead of the Eid Al Fitr break. Made of polymer, the Central Bank said it has used innovative designs and advanced security features while designing the banknote.  The new Dh100 banknote is part of the CBUAE’s Third Issuance of the National Currency Project. The front of the new banknote features the Um Al Quwain National Fort, a historical and cultural monument, and the reverse side features the Port of Fujairah.  Additionally, it also showcases the Etihad Rail. This railway network connects the seven Emirates and extends to the GCC countries. The design of the new banknote features various shades of red. To ensure public recognition, the CBUAE maintained the colour characteristics of the current denomination.  The new banknote will be circulated with the existing Dh100 note starting March 24. All banks and exchange houses have been instructed to programme their cash deposit machines and counting devices to ensure acceptance of these new banknotes alongside existing paper and polymer banknotes, whose value is guaranteed by law, CBUAE said in a statement.  Khaled Mohamed Balama, Governor of the CBUAE, said, “The new 100 dirham banknote reflects our […]