Opened in late 2013 to mark the 40th anniversary of the UAE Central Bank, the UAE Currency Museum sits on the ground floor of the Central Bank headquarters in the city of Abu Dhabi. Containing a variety of exhibitions long before the national union in 1971, the museum has a variety of paper, gold, and silver coins including historical Indian rupees, as well as Saudi Arabia and Qatari Riyals.
This exciting exhibition describes the region’s financial history with fascinating details about the introduction, in 1973, of Dirham to the UAE as the official currency of the country and the release of the first series of notes in 1976.
The museum also includes part of the Central Bank’s collections of notes, coins, commemorative coins, gifts and samples of UAE currency notes, as well as coins and money from other countries. You will also find the accounting and filtering equipment used by Central Bank in the past.
Located inside the UAE Central Bank in Al Bateen, the museum is completely free to enter, although due to its location within the fully functional mint with a central bank, you will have to proceed to make an appointment to secure past security.
The museum manager comes to the reception area to collect guests and take them to the museum. And after a brief description of the contents, you will be left to wander off when you relax. At first glance it seems a thick and solid exhibit, but upon closer inspection it captures many of the positive aspects of the country’s financial history from other international currencies that were used in previous years the final development of a separate currency in the UAE in 1973 now known as dirham.
Along with an impressive collection of historical coins and notes, one of the highlights I found interesting was to see the post-print and pre-cut sheets of paper for distribution and other complex details about the strategies used within the current currency to prevent fraud!
Unless you’re an avid collector, I don’t think a museum should take longer than 30 minutes to visit. But a visit that satisfies my inner art and I am glad I made the effort. I even felt that I knew more about the history of the UAE than ever before, and I come from a very different part than what is often seen.
The museum is open during the day, Sunday-Thursday from 9 am to 3 pm. To schedule a visit to the museum, contact Mariam Ghalloum at Central Bank on 02 691 5265.
Go to the UAE Currency Museum to get in the middle of UAE history silver, gold coins, and paper notes before the union. There will also be old coins from around the world to be displayed, in addition to the Central Bank’s collection of notes, coins, and stamps. This visit is guaranteed to be educational and enlightening. Reservations are required so be sure to email them first. Children can join workshops if they are over five years old.
Containing a variety of exhibitions that came long before the UAE Union, the museum has a variety of paper papers, gold and silver coins including historical Indian rupees, as well as festivals in Saudi Arabia and Qatar. This fascinating exhibit describes the history of money in the region with exciting ideas for the introduction of the dirham in 1973 as the official national currency and the release of the first series of notes in 1976.
The museum also includes part of the Central Bank’s collection of notes, coins, commemorative coins, gifts and samples of UAE news notes and foreign currencies, in addition to accounting and filtering equipment used by Central Bank in the past.
Money is the best thing you can expect to get in the Central Bank, but one set of notes and coins shows the attraction of visitors. Using part of the ground floor of the building in Abu Dhabi, the Currency Museum contains rows of glass boxes showing paper notes and gold and silver coins that date back to the Union.
It opened late last year to celebrate the 40th anniversary of the Central Bank, attracting school students as well as international and national investigators and fundraisers. Most visitors say they wish more people knew about the museum. “It is very important for people to understand how the history of the UAE began, even before 1971,” said Rashid al Nuaimi, who works with Emirates Nuclear Energy Corporation and focuses on collecting notes and stamps from the UAE bank.
“Children will know about their country and their history here so it’s good if a lot of people know about this. If tourist brochures carry details about it, more people can be attracted here. ” The museum features exhibitions ranging from Islamic gold and silver coins to the famous Indian rupees until the 1960s, with a stamp of the Reserve Bank of India and a peak of three Ashoka lions.
Exhibitions explain how Abu Dhabi had its money and Dubai and the northern emirates used their notes. Brown’s notes show dhows at the Bahraini dinar used until 1966 in the capital. The riyal of Saudi and Qatar, with symbols of minarets and castles, was adopted by Dubai and other emirates at the same time. The exhibition also shows how the Finance Board was established in 1973 and its main responsibility is to “disburse national funds instead of distributed funds”, such as the Bahraini dinar and Qatar and Dubai riyal.
The dirham was first distributed on May 19, 1973 and Qatar and the Daily Riyal and Bahraini dinar were exchanged within weeks at a rate of Dh1 per unit and Dh10 per denarius.
The first series of Dh100, Dh50, Dh10, Dh5 and Dh1 notes are still distributed with Dh1,000 added in 1976. “You can read and understand the history of this money because by understanding what money and money has been spent you will know how powerful this place is in trade and what countries it is,” said Ahmed al Hasawi, who works in a government department. He went with friends of Umm Al Quwain to visit the museum. “We had our Indian rupees so you will know how the Gulf traders went to India. Financial history tells you how powerful this place was in trading.
“The museum has very good notes and it is very difficult to get a high standard. It is good for trained collectors to see because it is very difficult for us to see special special quality notes on the market sometimes. ” Including old calculators and filtering machines. “We thought it would be good for people to see old shreders, cancel books where 100 notes can be added at the same time to cancel,” said a museum official.
“The machine would cut the notes by making a hole in the safety features. There are also cash registers that can process eight banknotes per second to check authenticity and classify notes accordingly. Visitors are interested in a weighty scale that measures gold bars. ”