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Thursday 13 June 2024


Thursday 13 June 2024

The CBUAE issues its 2023 Annual Report

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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

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Last updated on: Thursday 28 July 2022

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