ALBAWABA - The Central Bank of the UAE, responsible for managing currency, monetary policy, and banking and insurance regulation, has unveiled the new Dirham symbol to promote financial and monetary stability, following Saudi Arabia's lead.
New UAE Dirham symbol revealed
The United Arab Emirates (UAE) has unveiled its first-ever currency symbol. The new Dirham symbol incorporates the letter 'D,' representing both the Arabic and English names for the currency. Featuring two horizontal lines inspired by the UAE flag, the symbol aims to promote financial and monetary stability.
Additionally, the UAE has launched its digital currency, featuring a circle around the Dirham symbol in the national flag's colors: green, black, white, and red.
The Central Bank of the UAE has launched a blockchain-based online portal for issuing, trading, and using the digital Dirham. (The Central Bank of the UAE)
It is worth noting that the United Arab Emirates (UAE) has launched its new currency symbol and digital currency, following the steps of Saudi Arabia, which recently launched its own. The country aims to develop an innovative financial system both locally and globally.
The Central Bank of the UAE has launched a blockchain-based online portal for issuing, trading, and using the digital Dirham. Additionally, the bank has introduced an online digital wallet, enabling users to manage personal and business transactions easily and efficiently. Through the portal, users can access retail and wholesale payments, cross-border transactions, money transfers, withdrawals, recharges, and exchanges.
