Qatar & Dubai,
Currency Board, full set of 1, 5, 10, 25, 50 and 100 Riyals, September 1966, all serial number 000009, held in blue leather presentation album with inscription on cover 'Council For the Currency of Qatar & Dubai'. All with vignette containing dhow, derrick and palm tree at left, reverses with denomination at centre and upper corners, and issuing authority across top.
The notes are lightly mounted on card pages and held in place by thin strip of masking tape on back of right edge. About uncirculated – uncirculated and extremely rare.
The notes are lightly mounted on card pages and held in place by thin strip of masking tape on back of right edge. About uncirculated – uncirculated and extremely rare.
Sold for
£180,000
inc. premium
Footnotes
- The Qatar-Dubai Currency Agreement was signed in March 1966 in preparation for the establishment of a Currency Board and the subsequent introduction of a common currency. In September of that year the Currency Board issued its first paper money but within less than seven years the Currency Agreement had been terminated.
Qatar proceeded to issue its own paper currency while the new issue from United Arab Emirates Currency Board entered circulation in Dubai.
With the exception of the 1 riyal, notes of the Qatar & Dubai Currency Board are very difficult to find in high grade and the 25 riyal had such a low issue that it is difficult to find in any condition.
The matching early serial numbers further enhance this rare set.
Category: Coins / Coins and Banknotes
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John Millensted
Bonhams
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United Kingdom
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