UAE Dirham Gets New Symbol for Physical and Digital Use
Abu Dhabi: The Central Bank of the UAE (CBUAE) has introduced a new symbol for the Dirham, the country’s national currency, as part of its strategy to strengthen the UAE’s position as a global financial hub.
The new symbol, resembling the English letter “D” with two horizontal lines, represents financial stability and is inspired by the UAE flag.
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In addition, the CBUAE provided updates on its Digital Dirham project, a key component of the Financial Infrastructure Transformation (FIT) Programme.
The Digital Dirham, expected to launch in late 2025 for the retail sector, aims to enhance financial efficiency and security using blockchain technology.
It will be legally recognized alongside physical currency and accessible through licensed financial institutions.
The Digital Dirham will feature tokenization, smart contracts, and an integrated digital payment platform with a secure Digital Dirham wallet.
CBUAE Governor Khaled Mohamed Balama emphasized that these initiatives mark a significant milestone in the UAE’s financial sector, bringing the nation closer to a secure, efficient, and innovative financial ecosystem.
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