Obverse. Photo © Stephan Album Rare Coins
  • 50 Dirhams 1990, KM# 18, United Arab Emirates, Zayed, Banking Industry in the UAE, 10th Anniversary of the Central Bank of the UAE
  • 50 Dirhams 1990, KM# 18, United Arab Emirates, Zayed, Banking Industry in the UAE, 10th Anniversary of the Central Bank of the UAE
Description

The Central Bank of the United Arab Emirates (CBUAE) is the state institution responsible for managing the country's currency, monetary policy, and banking and insurance regulation. It succeeded the Currency Board, which was established on May 19, 1973, following the creation of the UAE as an independent state in 1971. The UAE Currency Board's initial purpose was to issue an independent currency, replacing the Qatari riyal and Bahraini dinar. The new UAE dirham entered circulation on the same day the Currency Board was established.

Sheikh Zayed bin Sultan Al Nahyan (1918–2004) was an Emirati leader, credited with founding the United Arab Emirates. He governed the Eastern Region before becoming Abu Dhabi's ruler in 1966 and later the UAE's first president until his passing in 2004. Revered as the "Father of the Nation," he played a pivotal role in uniting the seven emirates. Zayed succeeded his brother as Abu Dhabi's ruler after a peaceful coup in 1966.

Obverse

Depicts a general view of the Central Bank of the UAE, encircled by inscriptions and dates marking the bank's establishment and the coin's issuance, with Arabic text above and English text below.

مصرف الامارات العربية المتحدة المركزي
الذكرى العاشرة
1980-1990 ١٩٨٠-١٩٩٠
UNITED ARAB EMIRATES CENTRAL BANK

Reverse

Depicts a portrait of Sheikh Zayed bin Sultan al-Nahyan facing right, wearing a traditional cloak and headpiece, denomination below the portrait in Arabic enclosed by inscriptions in Arabic and English.

The traditional men's headwear in some Middle Eastern areas consists of three components: a knitted skull-cap known as the "keffiyeh," (also referred to as a ghutrah, shemagh, or ḥaṭṭah) a large cotton headscarf, typically plain white or with a red-and-white checkered pattern, called the "ghutra," and a black cord named the "agal," which secures the ghutra in place.

الشيخ زايد بن سلطان آل نهيان
٥٠ درهم
SHAIKH ZAYED BIN SULTAN AL-NAHYAN

Edge

50 Dirhams

Banking Industry in the UAE
10th Anniversary of the Central Bank of the UAE

Subscribe series
KM# 18
Characteristics
Type Commemorative Issue (Non-circulating)
Material Silver
Fineness 0.925
Weight 40 g
Diameter 40 mm
Thickness -
Shape round
Alignment Medal
Mint
Royal Mint

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