UAE \ Central Banks And Financial Regulatory Institutions \ Central Bank of the United Arab Emirates \ Banking Operations Department
According to the new organization chart, the Banking Operations Department now consists of five sections: the a) Currency & Coins Issue Section, b) the Cash Desk, c) the Current Accounts, d) the Banking Operations Monitoring Section e) and the Clearing House. Under the supervision of this department, new banknotes have been printed and launched. These feature the most up-to-date security marks and maintain technical specifications of the highest standards in terms of printing techniques, paper and inks. The project of reducing the size of coins was also completed. As per resolutions issued by the Board of Directors, the department has also issued several gold and silver commemorative coins in celebration of various national occasions.
Equipment and machines used for counting, checking, sorting and packaging of banknotes have also been updated. New, more technically advanced machines have been bought, which have contributed to the enhanced, speedy and efficient performance of the department′s tasks.
(last updated: 04-September-2002)
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