The Central Bank of the UAE (CBUAE) has introduced a new symbol for the Dirham, the country’s national currency, as part of its efforts to solidify the UAE’s position as a global financial hub.
The new Dirham symbol, inspired by the English letter “D,” features two horizontal lines representing financial stability and draws inspiration from the UAE flag. It is designed to promote the Dirham internationally and enhance its recognition in global markets.
In addition, the Digital Dirham—the digital version of the currency—will feature a circular design incorporating the UAE flag’s colors, symbolizing national pride and the country’s commitment to modern financial innovation.
The CBUAE also provided updates on the Digital Dirham, a key initiative under its Financial Infrastructure Transformation (FIT) Programme launched in 2023. The Digital Dirham is expected to roll out for the retail sector by late 2025, aiming to improve financial efficiency, security, and inclusion.
Built on blockchain technology, the Digital Dirham will reduce transaction costs, enhance data privacy, and improve risk management. It will be legally recognized as a universal payment method alongside physical currency, with access facilitated by licensed financial institutions, including banks, exchange houses, and fintech firms.
To support the Digital Dirham, the CBUAE has developed a secure platform featuring a Digital Dirham wallet. This platform will enable retail, wholesale, and cross-border payments, as well as money transfers, withdrawals, and top-ups.
Khaled Mohamed Balama, Governor of the CBUAE, stated: “The new Dirham symbol and Digital Dirham wallet mark a significant milestone in the UAE’s financial sector, bringing us closer to a secure, efficient, and innovative financial ecosystem.”