The UAE has opened a hi-tech company specialised in printing banknotes.
UAE Vice President, Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum inaugurated ‘Oumolat Security Printing’, a banknote printing company that is the first of its kind in the region.
The new facility, located at the Khalifa Industrial Zone Abu Dhabi (KIZAD), is equipped with fully integrated state-of-the-art security and protection systems.
Sheikh Mohammed received the first 1,000-dirham note printed by the company, which bears the number ‘1’, from Sheikh Mansour bin Zayed Al Nahyan.
He was briefed by UAE Central Bank Governor Mubarak Rashed Al Mansoori about the facility’s production machinery.