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The UAE Central Bank has announced that it will be issuing a commemorative silver coin, on the occasion of the 10th Anniversary of the Insurance Authority with effect from Monday, 11th December 2017.
In a statement, the Central Bank said that the general specifications of the commemorative silver coin are as follows; diameter : 38.61 mm, weight : 28.28 gms, alloy: 999Ag. Pure Silver, and issue size: 2,000 Coins.
The statement added that the obverse face of the coin depicts the portrait of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, circumscribed by the expression "H.H. Sheikh Khalifa bin Zayed Al-Nahyan, President of the United Arab Emirates" written in Arabic and the face value (AED50) and the back depicts the logo of the occasion.
The whole quantity of the commemorative silver coins issue has been handed over to the ordering party, and will not be dispensed to the general public through the banks.
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