• HSBC

The UAE Ministry of Finance and Industry to launch new E-dirham design

  • United Arab Emirates: Sunday, July 27 - 2003 at 14:55
  • PRESS RELEASE

The Ministry of Finance and Industry (MOFI) today announced that it is to launch a new design for the UAE E-dirham for the denominations of 100, 200, 300, 500, 1,000, 3,000 and 5,000 dirhams.

The attractive new visuals reflect not only the country's traditions and cultural heritage but also the modern face of the UAE and the drive towards greater economic efficiency. The design will be changed periodically to reflect the dynamism of the country's development process.

"The decision to change the design of the e-dirham was a result of the desire to reflect the changing and modernizing face of economic development in the UAE," said H.E. Mr. Khalid Ali Al Bustani, Under Secretary for Revenues and Budgets at MOFI. "We are very proud of our cultural wealth and history and we are also proud of the what we have so far achieved in building a modern state with high quality state-of-the-art infrastructure and services".

The UAE E-Dirham, which was introduced in 2001 to replace traditional methods of fees collection for government services, is an integral part of MOFI's overall efforts to automate public sector financial transactions. It provides real time information and allows Ministries to more effectively undertake and record payment transactions, in addition to providing a modern and secure payment system for customers. The automation of payment transactions also allows for more accurate information about government fee payments and facilitates policy decision-making.

"The introduction of the E-Dirham has allowed us to raise the efficiency and productivity levels of government departments", said Mr Al Bustani. "Government institutions are now able to free up their time to focus on the provision of services, rather than the collection of fees. This reflects our policy of aiming to improve public sector service provision in line with international best practice standards. The E-Dirham represents the official payment gateway in undertaking e-government transactions."

E-Dirhams are now offered through 10 banks and their 115 branches nationwide. The card is rechargeable to suit client requirements and has added security features that prevent misuse and forgery. It can be deactivated in case of loss or theft by a 24 hours/7 days a week Tele e-Dirham Service that can be used for balance enquiries, change of PIN, as well as many other transactions. Clients can also use the Internet e-Dirham service for these transactions at: www.e-dirham.gov.ae.
His Excellency Khalid Ali Al Bustani Assistant Under Secretary for Revenue and Budget Ministry of Finance and Industry. 
His Excellency Khalid Ali Al Bustani Assistant Under Secretary for Revenue and Budget Ministry of Finance and Industry.
Article Options
Log in to request more information from UAE Mofi

Notes and Media Contacts »

For further information, please contact:
Fakher Daghestani/Clare Woodcraft
ASDA'A Public Relations
Burson-Marsteller exclusive Middle East affiliate
Dubai, UAE - Tel: +971-4-3344550; Fax: +971-4-3344556

Disclaimer »

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions