Sheikh Rashid bin Saeed Al Maktoum (Arabic: راشد بن سعيد آل مكتوم, romanized: Rāšid bin Saʿīd Āl Maktūm; June 11, 1912 – October 7, 1990) was an Emirati ruler, politician, and founder of the United Arab Emirates. Al Maktoum was the first vice president and second prime minister of the United Arab Emirates. He ruled Dubai for 32 years from 1958 until his death in 1990. Sheikh Rashid's father was Sheikh Saeed bin Maktoum Al Maktoum, while his mother was Sheikha Hessa bint Al Mur bin Hureiz Al Falasi. Sheikh Rashid was responsible for transforming Dubai from a small group of settlements to the Dubai- developed it near the bay into a modern port city and commercial center. After the discovery of oil in 1966 and the start of its production in 1969, Rashid directed the proceeds to excavate the entrance to Dubai Bay and create a deep-water port to transport Dubai's oil. Oil revenues were also used to build an airport and improve new industries and services, such as healthcare. Along with Rashid and Abu Dhabi, his relative Sheikh Zayed ibn Sultan Al Nahyan worked together to lay the foundations for self-government, which resulted in the constitution of the United Arab Emirates. The seven separate emirates retained their individual traditional rights, including armies, but were also supported by a central fund.Sheikh Rashid Al Maktoum married only once. His wife, Sheikha Latifa bint Hamdan Al Nahyan, is the daughter of Sheikh Hamdan bin Zayed Al Nahyan, who ruled Abu Dhabi for 10 years (1912-22). After her father was murdered by family members, Sheikha Latifa (along with other family members) fled Abu Dhabi and was taken in by her mother's home in Dubai. Many years later, Sheikha Latifa became Rashid's wife. Rashid and Latifa had nine children, four boys and five girls. Sheikh Rashid bin Saeed Al Maktoum left a huge legacy and his memory lives on in the UAE to this day.

Sheikh Rashid bin Saeed Al Maktoum was the ruler of Dubai from 1958 to 1990. During this period, the Dubai Mint minted many new coins that reflected the growth and development of the city. Early mints were still pegged to the British pound, but in the 1960s Dubai switched to using its own currency, the dirham. The first coins of the dirham were minted in 1966 and featured the portrait of Sheikh Rashid. Several new coin types were introduced during the Sheikh's reign, including 10, 25, 50, and 100 dirhams, as well as 1, 5, 10, 20, 50, and 100 dirhams. . The coins were mostly made of silver and gold, but there were also bronze and copper coins. After the Sheikh's death in 1990, the mint continued to mint coins, but the coats of arms and motifs changed.