The Central Bank of the UAE (CBUAE) has unveiled a new symbol for the country's national currency, the dirham, as part of a move to strengthen the Emirates' position as a leading global financial hub.

The new symbol was chosen to represent the stability of the Emirati dirham while also paying tribute to the country's flag. The CBUAE also revealed the symbol for the digital dirham.

"The letter was chosen, derived from the English name of the dirham, to serve as an international symbol representing the nation's currency, incorporating two horizontal lines that embody the stability of the UAE Dirham and inspired by the UAE flag, to enhance financial and monetary stability," read a statement from the CBUAE on Thursday.

"The digital dirham symbol features a circle surrounding the physical currency symbol, using the colours of the UAE flag to reflect pride and national identity."

The issuance of the digital dirham, the central bank digital currency, is expected to take place in the last quarter of the year for the retail sector.

A CBDC is a digital form of a government-issued currency. They are similar to cryptocurrencies, except that their value is fixed by the monetary authority and equal to the country's fiat currency.

To read the complete article, see:
UAE Central Bank unveils new dirham symbol(https://www.thenationalnews.com/news/uae/2025/03/27/uae-central-bank-unveils-new-dirham-symbol/)

Kavan adds:

See also:
Dollar sign(https://en.wikipedia.org/wiki/Dollar_sign)