UAE Unveils New Dirham Symbol Inspired by National Identity
The Central Bank of the UAE (CBUAE) has introduced a new symbol for the dirham, reflecting both tradition and innovation. The design, inspired by the English letter “D” for dirham, incorporates two horizontal lines symbolizing stability and strength. This modern representation aims to enhance the UAE currency’s recognition globally and reinforce financial and monetary stability.
For digital transactions, the dirham symbol is encased within a circular frame, integrating the colors of the UAE flag. This element signifies security, continuity, and the nation’s commitment to developing a future-ready financial ecosystem. The design, influenced by Arabic calligraphy, blends national identity with digital advancement, ensuring instant recognition across financial platforms.
Dirham: Strengthening the UAE’s Position in the Global Economy
The introduction of the new symbol coincides with the UAE’s participation in the FX Global Code, making it the first central bank in the Arab region to join. This move aligns with the CBUAE’s goal of positioning the dirham as an internationally recognized currency. By adhering to global best practices in the exchange market, the UAE aims to enhance the integrity of forex transactions and strengthen investor confidence.
Additionally, the UAE has launched the “Digital Dirham,” a secure and efficient digital version of its currency. Powered by blockchain technology, it ensures data protection, risk management, and seamless transactions. The Digital Dirham is set for retail issuance in late 2025, with individuals and businesses able to access it through licensed financial institutions, including banks, fintech companies, and exchange houses.
Advancing Financial Innovation with Digital Solutions
To support the transition to a digital economy, the CBUAE has developed a secure platform for the issuance and circulation of the Digital Dirham. This platform includes a digital wallet that facilitates retail, wholesale, and cross-border transactions. Users will be able to manage their finances seamlessly, conduct secure money transfers, and redeem digital assets with ease.
The Digital Dirham also integrates innovative financial solutions, such as tokenization and smart contracts. These features enable automated transaction execution and enhance financial inclusion by allowing fractional ownership of digital assets. As the UAE continues to lead in financial innovation, the new dirham symbol and digital currency reinforce the nation’s status as a global hub for digital payments and economic progress.
