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Monday 11 September 2023


Tuesday 12 December 2023

Join The COP28 UAE –TechSprint– And Drive Change

The Central Bank of the UAE, Bank for International Settlements, EIF and the COP28 UAE Presidency invite financial innovators and developers from global private and public sector entities to participate in the global initiative "COP28 UAE TechSprint". The initiative aims to promote innovation and develop technological solutions and advanced projects to expand green and sustainable financing and combat climate change.

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Genuine and Mutilated Currencies

Compensation of mutilated or incomplete currency notes

The Central Bank will compensate mutilated or incomplete currency notes issued by it after verifying their authenticity, as per the following terms and measures:

  • Full Value Compensation:
    Full face value shall be compensated if the area of the currency note or the total of its parts equals or exceeds two-thirds (2/3) of its area.
  • Half Value Compensation:
    Half face value shall be compensated if the area of the currency note or the total of its parts is more than one third (1/3) and less than two thirds (2/3) of its area.
  • No Compensation (No Value):
    No compensation is offered if its area or the total of its parts is less than one third (1/3) of its area.

Genuine

Last updated on: Thursday 28 July 2022

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