The UAE was formed in December 1971 but it took another two years or so before the new country got its own currency.
On May 20, 1973, in came the dirham and out went the rupee, the dinar, the riyal and even the Maria Theresa silver thaler.
Having a currency was an expression of sovereignty and unity, especially when so many others had been in circulation among the seven emirates.
In this weekly series, The National breaks down the historical and cultural significance of the designs for each of the denominations.
Dh5
For many years, the Dh5 was the workhorse of UAE currency, representing the price of a soda and a shawarma, a trip across town in the old gold and white Abu Dhabi taxis, or a cup of karak tea and the morning newspaper. Even today it remains a welcome sight for small cash purchases or a tip.
The Dh5 banknote was introduced in 1973, and is today the lowest value paper currency - after the Dh1 note was phased out by the early 1980s.
It has been through a series of barely perceptible colour changes but only two major designs. The original pictured Fujairah’s Al Bithnah Fort, with the words “Five Dirhams” in English and the number 5.

The Arabic side featured a watermark of composite design that included a sailing dhow and the Arabian Gulf coastline, an oil derrick, palm tree, string of pearls and a line of camels.
The design we know today was introduced in 1982. The Arabic side shows Sharjah’s Central Market, generally known as the Blue Souq, which opened in 1978.
On the English language side is the bay at Khor Fakkan and a detail of the nearby Imam Salem Al Mutawa Mosque, built around 200 years ago and one of the oldest in the country.
Alongside is a watermark of a sparrow hawk, widely used in falconry and which now appears on all UAE banknotes.
The design reflects both Sharjah’s peaceful Arabian Sea coast and its busy economic heart. In 2015, a tactile feature of small horizontal lines on the short sides was added to assist the sight impaired.
The inspiration behind the design of the UAE's currency
-

An Arabian sand gazelle at the Mleiha Archaeological Centre in Sharjah. The gazelle is native to the region and can be found on the 25 fils coin. Chris Whiteoak / The National -

The Murban 2 oil well in Abu Dhabi, pictured in 1956. The discovery of oil transformed the emirate and eventually the UAE. Three oil derricks are featured on the 50 fils coin. Adnoc -

A dallah belonging to Sheikh Zayed in the early 20th century on display during the Majlis Zayed Exhibition in Abu Dhabi. The traditional coffee pot, a symbol of Emirati hospitality, appears on the Dh1 coin. Pawan Singh / The National -

One of the entrances to the Central Market, also known as the Blue Souq, in Sharjah. The market was built in 1979 and is adorned with Islamic designs. It can be seen on the Arabic side of the Dh5. Amy Leang / The National -

Salem Al Mutawa Mosque is one of the oldest two in the UAE. About 200 years old, it can be seen on the English side of the Dh5 along with the Khor Fakkan coastline. Antonie Robertson / The National -

The khanjar is a curved ceremonial dagger worn by men in the UAE and Oman. An illustration of the knife can be seen on the Arabic side of the Dh10. Victor Besa / The National -

Date palm tree at Al Dahra farm in Al Ain. A date tree and farm are the main illustrations on the Dh10 note. Pawan Singh / The National -

An Arabian dhow at sea in 1973. The vessel features prominently on the Dh20 note. Marion Kaplan -

Dubai Creek Golf & Yacht Club opened in 1993 and can be seen on the Arabic side of the Dh20 note. Tourism Ireland -

An Arabian oryx at Al Maha Desert Resort in Dubai. The species was endangered but conservation efforts, led by Sheikh Zayed, helped it to flourish. It can be seen on the Dh50 note. Gerry O’Leary -

Completed in 1898 on the orders of Sheikh Zayed the First, Al Jahili Fort in Al Ain is one of the country’s largest. It appears on the English-language side of the Dh50 note. Abu Dhabi Culture and Tourism -

Al Fahidi Fort in Dubai was built in 1787. Since then, it has had many uses, even functioning as a prison for outlaws for a time. It can be found on the Arabic face of the Dh100 note. Pawan Singh / The National -

Dubai World Trade Centre (the grey, rectangular building to the middle left) was opened by Queen Elizabeth II in 1979. The tallest building in the UAE until 1999, it appears on the Dh100 banknote. Alamy -

Established in 1980, the UAE Central Bank was preceded by the Currency Board, which issued the country’s first independent currency: the dirham. The headquarters now features on the Dh200 note. Sammy Dallal / The National -

Worshippers leave the stadium at Zayed Sports City, Abu Dhabi, after Pope Francis led a holy Mass there in 2019. The building opened in 1979 and is featured on the Dh200 banknote. Pawan Singh / The National -

Falcons feature on each of the dirham notes, but the beloved bird takes centre stage on the Arabic side of the Dh500. Getty -

Sheikh Zayed Bridge was designed by renowned Iraqi architect Zaha Hadid. It was opened in 2010, becoming the third gateway from Abu Dhabi island to the greater emirate. During the Year of Zayed in 2019, a special Dh100 note, which is still in circulation, was printed depicting the bridge. Andrew Henderson / The National -

Jumeirah Mosque in Dubai opened in 1979. One of two mosques open to non-Muslims, it is a distinctive feature of the Dh500 note. Getty -

Qasr Al Hosn, the birthplace of Sheikh Zayed, is on the Arabic side of the Dh1,000 note. Victor Besa / The National -

Abu Dhabi’s skyline has changed dramatically since the dirham was launched. The UAE’s capital is featured on the Dh1,000 note. Chris Whiteoak / The National
The specs: 2018 BMW R nineT Scrambler
Price, base / as tested Dh57,000
Engine 1,170cc air/oil-cooled flat twin four-stroke engine
Transmission Six-speed gearbox
Power 110hp) @ 7,750rpm
Torque 116Nm @ 6,000rpm
Fuel economy, combined 5.3L / 100km
UAE currency: the story behind the money in your pockets
Zombieland: Double Tap
Director: Ruben Fleischer
Stars: Woody Harrelson, Jesse Eisenberg, Emma Stone
Four out of five stars
While you're here
Con Coughlin: To survive, Nato must renew its sense of common purpose
Gavin Esler: Nato summit failed for making news more than it made deals
Simon Waldman: Nato continues to be Ankara’s best security guarantor
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
The biog
Family: wife, four children, 11 grandchildren, 16 great-grandchildren
Reads: Newspapers, historical, religious books and biographies
Education: High school in Thatta, a city now in Pakistan
Regrets: Not completing college in Karachi when universities were shut down following protests by freedom fighters for the British to quit India
Happiness: Work on creative ideas, you will also need ideals to make people happy
ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
While you're here
Hussein Ibish: Could it be game over for Donald Trump?
Joyce Karam: Trump's campaign thrown off balance
Trump tests positive: everything we know so far
The%20specs
Dengue%20fever%20symptoms
MAIN CARD
Bantamweight 56.4kg
Abrorbek Madiminbekov v Mehdi El Jamari
Super heavyweight 94 kg
Adnan Mohammad v Mohammed Ajaraam
Lightweight 60kg
Zakaria Eljamari v Faridoon Alik Zai
Light heavyweight 81.4kg
Mahmood Amin v Taha Marrouni
Light welterweight 64.5kg
Siyovush Gulmamadov v Nouredine Samir
Light heavyweight 81.4kg
Ilyass Habibali v Haroun Baka
Four-day collections of TOH
Day Indian Rs (Dh)
Thursday 500.75 million (25.23m)
Friday 280.25m (14.12m)
Saturday 220.75m (11.21m)
Sunday 170.25m (8.58m)
Total 1.19bn (59.15m)
(Figures in millions, approximate)
PSL FINAL
Multan Sultans v Peshawar Zalmi
8pm, Thursday
Zayed Cricket Stadium, Abu Dhabi
School uniforms report
Huroob Ezterari
Director: Ahmed Moussa
Starring: Ahmed El Sakka, Amir Karara, Ghada Adel and Moustafa Mohammed
Three stars
CHATGPT%20ENTERPRISE%20FEATURES
57%20Seconds
Company%20profile
UK's plans to cut net migration
Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.
Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.
But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
Language requirements will be increased for all immigration routes to ensure a higher level of English.
Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.
The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

