UAE introduces new Dirham symbol for physical and digital use

The Central Bank of the UAE (CBUAE) has unveiled a new symbol for the nation’s currency, representing both physical and digital dirhams.

Inspired by the letter “D” with two horizontal lines symbolizing financial stability, the design reflects national pride and aims to enhance the UAE’s global financial presence.

The announcement coincides with the UAE’s adoption of the FX Global Code, making it the first central bank in the Arab region to implement this international standard for ethical practices in the foreign exchange market.

Additionally, the CBUAE is accelerating the rollout of the digital dirham, part of the Financial Infrastructure Transformation Program.

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Built on blockchain technology, the digital dirham will offer increased financial stability, inclusion, and efficiency.

Features include tokenization for fractional ownership, smart contracts for automated transactions, and a user-friendly wallet for retail and wholesale payments.

Governor Khaled Mohamed Balama emphasized the digital dirham’s role in driving innovation and reducing costs while expanding financial access.

The currency will be available through licensed banks, fintech firms, and exchange houses, ensuring seamless integration with traditional transactions.