The UAE has unveiled the new symbol of the national currency, the Dirham, for official use to spread its awareness among the locals and internationally. Such a creative structure is related to the identity and values of the nation, and the design combines visual attributes that represent the United Arab Emirates' spirit.

Symbol Design

Inspiration:

• The new Dirham symbol draws inspiration from the UAE flag, which includes its colours and elements.
• The two horizontal lines are depicted in the design to symbolize the stability and strength of Dirham as an attitude.

Digital Representation:

The digital version of the symbol contains a circle around the Dirham logo, which emphasises national pride, showing a modern aesthetic.

The design includes classic Arabic calligraphy, combines traditional art with modern visual forms, and expresses both grace and rights.

Global Initiative

The unveiling of the new symbol is in line with recent membership in the UAE in FX Global Code. The move aims to establish Dirham as a competitive global currency to promote the best practice in currency exchange.

Introduction to Digital Dirham

UAE Central Bank is ready to launch Digital Dirham, a secure digital version of the currency using blockchain technology. This innovation promises to enhance the security and efficiency of transactions, enabling individuals and companies to access the Digital Dirham through licensed financial institutions.

The Benefits of Digital Dirham

• Financial inclusion: Provides access to a wide range of liquidity and financial services.
• Smart contracts: Secure quick settlement, enable automated execution of complex transactions.

User-Friendly Digital Wallet

Digital Dirham will contain an integrated wallet designed for ease of use, which allows spontaneous control of various transactions, including retail and cross-border payments.

Conclusion

The introduction of the new Dirham symbol and Digital Dirham strengthens UAE's commitment to a forward-looking sector based on an economic ecosystem, embracing innovation in the global digital financial scenario and celebrating national identity.