5 UAE Dirhams banknote
The Central Bank of the United Arab Emirates issued UAE Dirham banknotes in 9 different denominations, including this 5 UAE Dirhams banknote. They are part of the current UAE Dirham banknotes series. The Central Bank of the United Arab Emirates started issuing these 5 UAE Dirham banknotes in 1993. They are currently still in circulation.
The UAE banknote of five dirhams shows a sparowhawk. The words ‘United Arab Emirates Central Bank’ are printed on the brown-orange-violet-colored note. UAE Dirhams banknote
In 1973, the United Arab Emirates Currency Board issued banknotes in denominations of 1, 5, 10, 50, 100, and 1000 dirhams. A second series was introduced in 1982, which omitted the 1 and 100 dirham banknotes. In 1983, the 500 dirham note was introduced, followed by 200 dirham in 1989, and new 1000 dirham notes in 2000. The banknotes currently found in circulation are denominated in 5, 10, 20, 50, 100, 200, 500, and 1000 dirham.
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The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. The government has increased spending on job creation and infrastructure expansion and is opening up utilities to greater private sector involvement.
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