Legacy of Sheikh Hamdan lives on with the UAE dirham ...United Arab Emirates

Dubai: It was almost 48 years ago when the UAE dirham that was signed by late Sheikh Hamdan bin Rashid Al Maktoum as the then UAE Minister of Finance, first appeared in circulation. The bank note became not only the official currency, but also a symbol of national unity. The UAE dirham, in turn, became an enduring legacy of Sheikh Hamdan, who passed away on Wednesday. As the first UAE Minister of Finance, Sheikh Hamdan’s signature appeared along side the signature of the then chairman of the Board of Directors of the UAE Central Bank on the UAE dirham that was introduced in circulation for the first time on May 19, 1973. The UAE dirham replaced the Qatari and Dubai riyal that were in circul

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