UAE CB to issue commemorative dirham

The UAE Central Bank (CB) has announced that it will be issuing, with effect from Oct.29, 2012, a commemorative dirham on the occasion of the 50th anniversary of the first export shipment of oil from Umm Al Shaif — Emirate of Abu Dhabi. The Bank said in a press release on Wednesday that the 6.4 gm dirham will have a diameter of 24 mm with alloy containing 75 per cent of copper and 25 per cent of nickel. The face of the dirham will remain unchanged while the back depicts the logo of the occasion. The said commemorative dirham will be put in circulation through the apex bank branches. From Gulftoday