The UAE has introduced a new symbol for its national currency, the dirham, drawing inspiration from the letter "D" and incorporating elements of the country's flag to represent financial strength.
This move follows Saudi Arabia’s recent launch of a new riyal symbol and aligns the dirham with globally recognized currency symbols like the US dollar, British pound, and euro.
Alongside this, the UAE is advancing its blockchain-based Digital Dirham, which aims to enhance financial stability, promote inclusion, and combat financial crime through features like tokenization and smart contracts.
The introduction of both the new symbol and the Digital Dirham is part of the UAE’s Financial Infrastructure Transformation (FIT) Programme, reinforcing its commitment to modernizing the financial system and strengthening its role in international trade.
