The United Arab Emirates Central Bank is issuing a commemorative silver coin to celebrate the selection of Sharjah as Islamic Culture Capital of the Arab Region for 2014 by the Islamic Organization for Education, Science and Culture (ISESCO).
The silver coin, with a face value of AED 100 (US$ 27), features a portrait of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, while the reverse side features the Capital of Islamic Culture 2014 logo. The coins are being made available to banks via UAE Central Bank cash counters at a cost of AED 450 each (US$ 122.50) and are expected to shortly be available for resale to the public.
Sharjah initiated in a year-long calendar of celebrations to mark its year as Islamic Culture Capital. The government also invested some AED 1.5 billion (USD 408 million) in 21 new projects involving a variety of Sharjah institutions and city landmarks including new universities, monuments, Islamic parks, traditional markets, museums and libraries.
The tourism sector, in particular, enjoyed a boost from the Sharjah’s status as Islamic Culture Capital of the Arab Region, with 2 million tourists visiting the emirate during 2014. Meanwhile, 2015 marks the Emirate of Sharjah’s year as the Capital of Arab Tourism, as voted by the Arab Council of Tourism Ministers.