Obverse. Photo © Stephan Album Rare Coins
  • 50 Dirhams 2010, United Arab Emirates, Khalifa, Banking Industry in the UAE, 10th Anniversary of the Dubai Financial Market
  • 50 Dirhams 2010, United Arab Emirates, Khalifa, Banking Industry in the UAE, 10th Anniversary of the Dubai Financial Market
Description

The Dubai Financial Market (DFM) is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000. During 2004 and 2005, there were significant increases in the volume of shares traded and the share prices of many companies. However, towards the end of 2005 and through the first few months of 2006 the bubble burst and share values dropped by around 60% on DFM, along with similar decreases in most other Persian Gulf stock markets.

Sheikh Khalifa bin Zayed bin Sultan Al Nahyan, the second president of the United Arab Emirates and ruler of Abu Dhabi from November 2004 until his death in May 2022, was the eldest son of Zayed bin Sultan Al Nahyan, the UAE's first president. He played a key role as crown prince in the late 1990s due to his father's health issues, and officially assumed leadership in Abu Dhabi in 2004. During his tenure, he oversaw Abu Dhabi's cultural and academic expansion, including the establishment of institutions like the Louvre Abu Dhabi and Etihad Airways. Under his presidency, the UAE became a significant economic force, and Khalifa was known for his pro-Western stance, deftly navigating regional politics and strengthening ties with the United States and Israel. Despite a stroke in 2014, he remained involved in ceremonial duties, with his half-brother, Mohamed bin Zayed Al Nahyan, handling day-to-day affairs. Khalifa's death in 2022 marked the succession of his brother, Mohamed.

Obverse

Depicts a portrait of Sheikh Mohammed Bin Rashid Al Maktoum facing right, wearing a traditional cloak and headpiece, denomination in Arabic and English letters below a portrait enclosed by his name in Arabic and English text.

Sheikh Mohammed bin Rashid Al Maktoum, born on July 15, 1949, is the ruler of Dubai, as well as the vice president, prime minister, and minister of defense of the UAE. He succeeded his brother in 2006 and has significantly contributed to Dubai's transformation into a global city, overseeing projects like the Palm Islands, Burj Al Arab, and Burj Khalifa. A billionaire primarily through real estate, he also founded Emirates Airline, DP World, and the Jumeirah Group. Despite his achievements, his governance is described as authoritarian, and a 2020 British court ruling found he had abducted two of his daughters and threatened his former wife. An equestrian enthusiast, he founded the Godolphin stable and owns the Darley breeding operation.

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.

صاحب السمو الشيخ محمد بن راشد آل مكتوم
Fifty Dirhams خمسون درهماً
H.H. Sheikh Mohammed Bin Rashid Al Maktoum

Reverse

Depicts the logo of DFM (Islamic geometric design, interlaced four double-circles behind a square) dates of establishment, and year of issue below design, the inscription of the event in Arabic and English text.

الذكرى العاشرة لتأسيس سوق دبي المالي
2000 to 2010
DFM 10th Anniversary

Edge

50 Dirhams

Banking Industry in the UAE
10th Anniversary of the Dubai Financial Market

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

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