The symbol was derived from the English name of the dirham to serve as an international symbol representing the nation's currency.
Courtesy: Khaleej Times
The Central Bank of the UAE (CBUAE) has introduced a new symbol for the national currency, the dirham, for both physical and digital use, according to Khaleej Times.
The new design is derived from the English letter "D" for dirham, with two horizontal lines representing the currency's stability, and is inspired by the UAE flag. The digital dirham version features the same symbol enclosed in a circular frame, reflecting security, continuity, and the UAE’s vision for a digital financial future.
National identity and innovation
The new symbol integrates traditional Arabic calligraphy elements with pointed curves inspired by Thuluth and Diwani scripts. Its bold colors mirror the UAE flag, ensuring instant recognition across digital platforms.
Digital dirham symbol (L), Physical dirham logo (R).Courtesy: Khaleej Times
A surrounding ring in the digital dirham symbol represents a digital token, reinforcing the UAE's commitment to a secure, evolving financial ecosystem.
First introduced in 1973, the Dirham has played a crucial role in the UAE’s economic growth and global integration.
Strengthening global financial standing
The announcement follows the CBUAE’s recent decision to join the FX Global Code, making it the first central bank in the Arab world to do so. This move aims to establish the dirham as an international currency and promote ethical and transparent practices in the foreign exchange market.
The UAE is also advancing financial innovation with the introduction of the Digital Dirham, a blockchain-based version of the national currency expected to launch in late 2025 for the retail sector.
The Digital Dirham will be issued through licensed financial institutions, such as banks, exchange houses, and fintech firms. Key benefits include:
- Tokenization: Enables fractional ownership of digital assets and enhances financial inclusion.
- Smart Contracts: Allows automated execution of complex, multi-party transactions.
Integrated platform and digital wallet
The CBUAE has developed a secure platform for the issuance, circulation, and management of the Digital Dirham. A digital wallet will allow users to make retail, wholesale, and cross-border transactions, including payments, transfers, and withdrawals.
The platform is designed to integrate emerging financial solutions and ensure the UAE remains at the forefront of global digital finance.
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