Abu Dhabi – Mubasher: The Central Bank of the UAE (CBUAE) has announced it will introduce a commemorative silver coin, a commemorative AED 1 coin, and an AED 100 banknote with the "Year of Zayed" logo on the occasion of the 47th National Day.

The commemorative currency will be issued on December 2 in honour of the life of the founding father Zayed bin Sultan Al Nahyan, state-run news agency Emirates News Agency (WAM) reported, citing the CBUAE.

"It is very important to commemorate the Zayed Centenary and recognise his essential contribution to the rise and progress of the UAE,” governor of CBUAE Mubarak Rashid Al Mansouri said.

“These commemorative editions reflect the spirit of the UAE’s and highlight the people’s loyalty to its founding father," he continued.

Almost 5,000 silver commemorative coins weighing 60 grams each will be issued, with the front featuring the logo and the "Year of Zayed - 1918-2018", while the phrase "Commemorative Coin" will be carved on the back.

Meanwhile, the "Year of Zayed 1918-2018" will be written on the back of the AED 1 coin, while the front will remain unchanged.

The silver commemorative coin will be available for sale at the Central Bank main office and branches, while the commemorative coin and the special edition AED 100 banknote will be introduced into circulation as per the regularly established procedures, according to WAM.