The Central Bank of the United Arab Emirates (CBUAE) revealed a new symbol of the nation’s currency, a dirham, which represents an important step in its efforts to enhance the situation of the United Arab Emirates as a global financial center.
The new symbol, which is inspired by the English message “D”, includes two horizontal lines that symbolize financial stability and reflect the colors of the United Arab Emirates flag, with the aim of enhancing dirham recognition in global markets.
Besides the new symbol, CBUAE Digital Dirham, a digital version of the currency that will be released in late 2025. Digital Dirham, is part of the FIT FIT Infrastructure Transfer Program in the United Arab Emirates, to enhance financial efficiency, reduce the costs of transactions, and improve safety.
Building on Blockchain technology, a better privacy for data and risk management with the support of the digital economy of the United Arab Emirates.
Digital Dirham will be recognized as a global payment method, along with the physical currency, and will be available through licensed financial institutions, including banks, exchange role and technology companies.
It will provide features such as the distinctive symbol, enabling fractures of digital assets, and smart contracts for automated financial transactions, ensuring an immediate settlement.
To facilitate Digital Dirham, CBUAE has developed a safe platform with Digital Dirham wallet. This basic system will enable different types of transactions, including retail, wholesale, border payments, money transport, and more.
With the development of the digital economy of the United Arab Emirates, the platform was designed to integrate with new financial solutions, as the United Arab Emirates has placed as a chapter in global digital payments.
Khaled Mohamed Palama, the ruler of CBUAE, highlighted the importance of these initiatives, saying that the new Dirham icon and Digital Dirham wallet is a prominent sign in the country’s financial sector. He emphasized that the infrastructure in Digital’s Blockchain will enhance financial, inclusive and flexible stability with the fight against financial crimes. These developments continue to enhance the position of the United Arab Emirates as a pioneering global financial and technological center.
