UAE Unveils New Dirham Symbol and Prepares for Digital Currency Launch
The Central Bank of the UAE has launched a new symbol for the dirham, designed to reflect the nation’s identity and global financial ambitions. The symbol features the first letter of “dirham” with two horizontal lines inspired by the UAE flag, representing stability. A digital version, surrounded by a circle with UAE flag colors, further emphasizes national pride.
The UAE aims to modernize its financial infrastructure with this move, aligning the dirham with global currencies. Experts suggest new currency notes may follow the introduction of the symbol, as seen with India’s 2010 rupee symbol.
Additionally, the UAE is preparing to roll out a Digital Dirham in late 2025. This blockchain-based currency will enhance financial security, reduce transaction costs, and enable faster cross-border payments. It will be available through licensed financial institutions and accessible via a digital wallet for both retail and business use.
This initiative, part of the UAE’s Financial Infrastructure Transformation (FIT) Program, positions the UAE as a digital finance leader, aiming to boost its role in global trade and finance.
