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Time Out Dubai
03-06-2025
- Business
- Time Out Dubai
6 must-know facts about the new UAE dirham currency symbol
The Central Bank of the United Arab Emirates has approved the design for a brand new symbol for the dirham. First announced in March of 2025, the new currency symbol will eventually be rolled out for wider use by businesses and residents alike. Previously, the dirham did not have a standard abbreviated name, with it commonly shortened to AED, Dhs and Dh in media, banking and by the wider public. But now the CBUAE has established a shortened version of dirham – similar to how the US has the $, the UK uses the £ and Europe has the €. The new symbol has yet to be approved by Unicode, the universal system that allows us to type emojis en masse in the group chat, and could take some time to be formally introduced. And the CBUAE has outlined the do's and don'ts of the symbol and how it will affect daily payments. The UAE dirham symbol design explained On the face of it, the dirham symbol looks like a capital D with two stylised lines through it, but there's been a lot more thought put into it than that. Inspired by the UAE's national identity, the lines reimagine the stripes on the flag and integrate them into the letter D, in reference to the English name for the currency. The pointed curves are inspired by classical Arabic calligraphy, where scripts such as Thuluth and Diwani often appear sharp. The sweeping endings are intended to express grace and authority. Dos and don'ts of the new UAE dirham symbol Dos and don'ts of the new UAE dirham currency symbol (Credit: CBUAE) The CBUAE has outlined several dos and don'ts for how the symbol should be written and presented. When writing out the price of something, the symbol should appear to the left of the numbers rather than to the right. Similar to how dollar and pound values are written. The symbol should also never be used alongside the AED currency code or any other shortened term for the dirham. For example, you can't write the symbol AED500, it's an either or situation. The CBUAE also outlined that the correct proportions should be maintained, the symbol should be the same height as the numbers, and space should be put between the symbol and the numerals. It will primarily appear in black or white to ensure clarity and consistency but brand colour variations are allowed in marketing contexts as long as they maintain clear visibility. Gradients, effects and decorative alterations are not permitted. Where the new UAE dirham symbol will appear on keyboards UAE Dirham symbol will appear above the 6 on keyboards (Credit: CBUAE) The currency symbol has been designated to appear on the number 6 key across all keyboard layouts, replacing the standard secondary symbol on the keyboard. The CBUAE has advised that it should be centred horizontally and vertically within the top half of the key on single-language keycaps. On dual-language keycaps, it should be placed in the top left corner to accommodate the secondary script, which typically appears in the lower portion of the key. How to write the new UAE dirham symbol (Credit: CanvaPro) The new UAE dirham symbol is written out similarly to a capital D and has two wavy strokes through the middle of it. Lines curve upwards from the left and invert downwards on the other side of the D. Once introduced in Unicode, the currency symbol may be adapted to match different font styles as long as the core structure maintains its recognisable form. The CBUA say that minor adjustments may be required to match up with a specific typeface as long as any modifications don't compromise the legibility or distort the symbol's identity. What the new UAE dirham symbol means for paying with cheques How the UAE dirham symbol will appear on cheques (Credit: CBUAE) Next time you order a chequebook to pay for your rent, it's possible that the new symbol will be printed on the paper. When printed on cheques, the symbol must appear in the 'amount in figures' field placed immediately before the numeric value. The symbol should be the same height and stroke weight as the numerals to maintain baseline alignment and prevent tampering. The symbol should not be used in place of the written phrase 'dirhams' when writing out your cash value in words. Writing out the word in full will maintain legal clarity. Where you'll see the new UAE dirham symbol The UAE dirham symbol can already be seen in online shopping outlets such as noon (Credit: The CBUAE has outlined where we should expect to see the symbol, in addition to a few places where it would be inappropriate to see it. It has been designed to be used in financial and transactional contexts where values are expressed in numerals. You may have already seen the symbol when shopping online, but you can also expect to see it at ATMs, on pricing labels, physical currency notes and coins, and on calculators. Similar to guidelines for the UAE flag, the Dirham symbol should not be used in any logos or branding. The symbol should also not replace the full written form 'Dirhams' when amounts need to be spelt out. It should also not be used on splash screens or as part of identity or promotional design. Dubai nostalgia 8 pictures of what Global Village used to look like from 90s car park to today The history of Dubai's favourite family day out 19 pictures showing what DXB Airport used to look like From 200 passengers a day to Emirates launch 20 pictures that show how much Dubai has changed from the 1950s to today Take a look at these unrecognisable photos of the city
Time Out Dubai
20-05-2025
- Business
- Time Out Dubai
Here's how the Dhs100 banknote has transformed over the decades
A Dhs100 note is always a welcome sight. Showcasing its new look earlier this year, it won't be a surprise to know that this lovely bit of cash has had a few different outfits over the years. Now coming in a special polymer material, the Dhs100 note has been covered in a series of cultural landmarks and other important features you might have never noticed. If you like this: 22 pictures that show how much Dubai has changed from the 1950s to today Having been in circulation for decades, there are also a selection of older designs that hold some very cool meanings. So this is the time to dig the cash out your wallet and have a closer inspection of exactly what Dhs100 notes are hiding in there. The first Dhs100 note (Credit: CBUAE) First issued out in 1973 when the UAE Currency Board issued its first banknotes, the Dhs100 note originally had a yellow and green colour. On the English side of the note was a scene of Khor Fakkan on the Gulf of Oman in Sharjah, which includes the traditional dhow boat, a mosque and a fish market. However, in 1982 the UAE Currency Board transitioned to the Central Bank of the United Arab Emirates (CBUAE), and a second issue of the notes were released. At this time, the Dhs100 note was changed to the pink colour you know today. The 2015 Dhs100 note According to the CBUAE, the next version of the note came in 2015, with the Al Fahidi Fort in Dubai on the Arabic side, and the World Trade Centre (the first high-rise building in Dubai) on the other. The English side of the note also features the UAE's national bird, a falcon. The 2025 Dhs100 note Announced on Tuesday March 24 2025, the front of the new polymer banknote features the Um Al Quwain National Fort, a historical and cultural monument, which bridges the past with the present. On the other side, you'll find the Port of Fujairah, one of the country's largest ports, alongside an image of Etihad Rail, the nation's upcoming passenger and freight railway service. The note's design also features drawings and inscriptions created using advanced printing techniques. It will have improved security features to combat counterfeits and boost the confidence of consumers when using the note. Improved features include a multi-coloured security chip known as KINEGRAM COLORS in each note. In other Dubai news 22 pictures that show how much Dubai has changed from the 1950s to today Take a look at these unrecognisable photos of the city Emirates turns 40: How the airline changed international travel forever It's the airline's 40th anniversary Eid Al Fitr 2025 dates: UAE announces holiday dates Whether it will be a four-day or five-day weekend explained
Al Etihad
11-04-2025
- Business
- Al Etihad
CBUAE's gold reserves up 7% to Dh24.571 billion by end of January
11 Apr 2025 17:58 ABU DHABI (ALETIHAD)The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) surged by 7%, or Dh1.59 billion, in January, reaching Dh24.571 billion by the end of the month, up from Dh22.981 billion at the end of December to the CBUAE's Monthly Statistical Bulletin for January issued on Friday, demand deposits grew to over Dh1.116 trillion at the end of January, compared to around Dh1.109 trillion at the end of December the end of January, demand deposits were distributed as follows: Dh834.9 billion in local currency and approximately Dh281.5 billion in foreign deposits reached Dh322.281 billion at the end of January, compared to around Dh317.48 billion at the end of December 2024. Savings deposits in local currency amounted to approximately Dh270.79 billion, and in foreign currencies, around Dh51.48 billion. Fixed-term deposits reached Dh926.22 billion at the end of January, with Dh552.47 billion dominated in local currency and Dh373.74 billion in foreign currencies. The bulletin showed a monthly increase in the net international reserves of the UAE banking sector, reaching Dh1.466 trillion at the end of January, compared to Dh1.446 trillion at the end of December 2024.
Zawya
11-04-2025
- Business
- Zawya
CBUAE's gold reserves up 7% to $6.7bln by end of January
The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) surged by 7 percent, or AED1.59 billion, in January, reaching AED24.571 billion by the end of the month, up from AED22.981 billion at the end of December 2024. According to the CBUAE's Monthly Statistical Bulletin for January issued today, demand deposits grew to over AED1.116 trillion at the end of January, compared to around AED1.109 trillion at the end of December 2024. At the end of January, demand deposits were distributed as follows: AED834.9 billion in local currency and approximately AED281.5 billion in foreign currencies. Savings deposits reached AED322.281 billion at the end of January, compared to around AED317.48 billion at the end of December 2024. Savings deposits in local currency amounted to approximately AED 270.79 billion, and in foreign currencies, around AED 51.48 billion. Fixed-term deposits reached AED926.22 billion at the end of January, with AED552.47 billion dominated in local currency and AED373.74 billion in foreign currencies. The bulletin showed a monthly increase in the net international reserves of the UAE banking sector, reaching AED1.466 trillion at the end of January, compared to AED1.446 trillion at the end of December 2024.
Arabian Business
25-03-2025
- Business
- Arabian Business
UAE Central Bank imposes AED2.6mn in sanctions on financial institutions
The Central Bank of the United Arab Emirates (CBUAE) has levied financial sanctions worth AED2,621,000 on five banks and two insurance companies for failing to comply with international reporting standards. The sanctions stem from the institutions' non-adherence to reporting procedures mandated by the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA) guidelines. Specifically, the financial institutions did not meet compliance standards in crucial areas of due diligence and financial reporting accuracy, according to a statement by the Emirates News Agency (WAM), which added that the CBUAE had previously provided licensed financial institutions sufficient time to rectify these shortcomings. The central bank emphasised that the sanctions align with global initiatives aimed at promoting tax system integrity and transparency, and combating tax evasion.
