Latest news with #Riyal
CairoScene
28-03-2025
- Business
- CairoScene
The Dirham Now Has Its Own Official Symbol
The new Dirham symbol draws inspiration from the UAE flag. Mar 28, 2025 A dedicated symbol for the Dirham has officially been unveiled, aligning it with global currencies like the dollar ($), pound (£), and euro (€). The new Dirham symbol—a stylized "D" with two horizontal lines—draws inspiration from the UAE flag and marks a significant step in standardizing the national currency's identity. Announced by the Central Bank of the UAE (CBUAE), this move strengthens financial stability and reinforces the Dirham's global presence. Until now, the currency lacked a unified symbol, with abbreviations like AED, Dhs, and Dh used interchangeably. Beyond physical currency, the UAE is set to launch the Digital Dirham in Q4 2025, integrating blockchain technology for cross-border transactions, remittances, and digital payments—alongside the Digital Dirham Wallet. The UAE joins a growing trend of currency modernization, following Saudi Arabia's recent introduction of a symbol for the Riyal.
Arabian Business
25-02-2025
- Business
- Arabian Business
Saudi Arabia announces new rules for use of Riyal symbol
The Saudi Central Bank (SAMA) has unveiled eight new rules governing the use of the Saudi riyal (SAR) symbol, following official approval from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz. According to SAMA guidelines, the symbol must be positioned to the left of numerical values with a space between them. The rules specify that the symbol must maintain proper proportions, align with the surrounding text direction, and contrast with background colours for visibility. SAMA releases eight rules for new Saudi Riyal symbol use The design incorporates elements of Arabic calligraphy, connecting to Saudi Arabia's cultural heritage. إطلاق #رمز_الريال_السعودي.. رمز لأصالتنا لاقتصادنا ولمستقبلنا #البنك_المركزي_السعودي — SAMA | البنك المركزي السعودي (@SAMA_GOV) February 20, 2025 The term 'Riyal' traces back to 1346 AH during King Abdulaziz's reign, marking the introduction of the Kingdom's unified currency. A royal committee comprising representatives from the Ministry of Culture, the Ministry of Media, and the Saudi Standards, Metrology, and Quality Organisation developed the symbol through multiple phases. The process involved ensuring national identity representation and technical compatibility with modern financial systems. The initiative forms part of Saudi Arabia's Vision 2030 strategy to establish the Kingdom as a global economic leader. Implementation of the symbol will begin immediately, with full integration across financial and commercial platforms occurring gradually. The new symbol represents an effort to enhance the currency's recognition while boosting confidence in the Saudi riyal domestically and internationally.
Gulf Business
24-02-2025
- Business
- Gulf Business
Saudi Arabia unveils new official Riyal symbol
Image: SAMA/ X Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has approved a new symbol for the Saudi riyal, marking a historic step in enhancing the national currency's identity. The move is expected to reinforce the kingdom's economic presence both locally and globally. Developed to the highest technical standards, the new riyal symbol is deeply inspired by Arabic calligraphy and reflects the kingdom's rich cultural heritage The symbol carries the name of our national currency and reflects our cultural identity. Learn about the significance of the — SAMA | البنك المركزي السعودي (@SAMA_GOV) The Riyal symbol reflects modernity and tradition The design prominently incorporates the name of the national currency, Riyal, signifying both the modernity and tradition of Saudi Arabia. According to the Saudi Press Agency, the new symbol will be used in all financial and commercial transactions, both domestically and internationally. This streamlined representation aims to simplify the way the Saudi riyal is referenced in various economic contexts, further promoting the kingdom's global financial standing. The introduction of the symbol is expected to play a significant role in Saudi Arabia's continued economic diversification efforts as part of the Vision 2030 initiative. The Learn about the usage rules for the — SAMA | البنك المركزي السعودي (@SAMA_GOV)
Zawya
21-02-2025
- Business
- Zawya
Saudi Arabia now has Riyal symbol; historic move to reinforce currency's identity
Riyadh – The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, approved launching the Saudi Riyal symbol on 20 February 2025. The Riyal symbol marks a historic move that will reinforce the Saudi currency's identity, according to an official statement by the Saudi Central Bank (SAMA). The implementation of the new symbol will be gradual for financial and commercial transactions, with coordination across all relevant entities. The Governor of the Saudi Central Bank (SAMA), Ayman Al Sayari, extended his profound appreciation to Al Saud as well as Crown Prince and Prime Minister, Prince Mohammed bin Salman, for launching the Saudi Riyal symbol. Al Sayari noted that this decision reinforces Saudi Arabia's financial identity, locally, regionally, and internationally. He added that this initiative aims to promote the national identity and cultural belonging, highlight the role of the national currency, and showcase the Kingdom among major global economies and G20 members. In addition, the initiative signifies the increasingly important role of the national currency in the global financial ecosystem. Al Sayari acknowledged the collaborative efforts that have facilitated this achievement, extending his appreciation to all contributing entities involved in the symbol's development project led by SAMA, including the Ministry of Culture; the Ministry of Media; and the Saudi Standards, Metrology and Quality Organization. The Saudi Riyal symbol, developed to the highest technical standards, embodies the Kingdom's rich cultural heritage, carrying the name of our national currency Riyal in a design derived from Arabic calligraphy. The symbol will streamline the representation of the Saudi Riyal in local, regional, and international contexts, making it suitable for use in referring to the Saudi Riyal in all financial and commercial transactions. As Saudi Arabia advances its Vision 2030 agenda, the launch of the symbol solidifies the importance of the Kingdom's financial system and its increasing role regionally and internationally. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Khaleej Times
21-02-2025
- Business
- Khaleej Times
Look: Saudi Arabia now has Riyal symbol; takes inspiration from Arabic calligraphy
Saudi Arabia's King Salman bin Abdulaziz Al Saud approved the new Riyal symbol, the Saudi Press Agency (SPA) reported. The new Saudi Riyal symbol is inspired by Arabic calligraphy and embodies the Kingdom's rich cultural heritage. The implementation of the new symbol will be gradual for financial and commercial transactions, with co-ordination across all relevant entities, Saudi Central Bank governor Ayman Al Sayari, said. Al Sayari said that this decision reinforces Saudi Arabia's financial identity locally, regionally and internationally and the initiative aims to promote national identity and cultural belonging, highlight the role of the national currency, and showcase the Kingdom among major global economies and G20 members. Check out the new symbol below: The initiative also signifies the increasingly important role of the national currency in the global financial ecosystem, he added. Saudi Arabia
