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Thursday 25 April 2024

Thursday 25 April 2024

The CBUAE enhances SupTech initiative as part of its Financial Infrastructure Transformation Programme

Press Release

Tuesday 23 April 2024

Tuesday 23 April 2024

Al Etihad Payments launches Open Finance to strengthen the financial services sector in the UAE

Press Release

Monday 22 April 2024

Monday 22 April 2024

The Central Bank: banks & finance companies may defer personal and car loans installments for six months to overcome the repercussions of the weather condition

Press Release

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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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