Dubai, UAE — [28/03/2025] — The Central Bank of the UAE (CBUAE) has unveiled a new symbol for the UAE’s national currency, the dirham (AED), alongside major updates on its Digital Dirham initiative, which promises to transform the country’s financial landscape. This milestone reflects the UAE’s ambitions to strengthen its financial infrastructure and solidify its position as a leading global financial hub.
New Dirham Symbol Reflects Stability and Innovation
The newly introduced dirham symbol, inspired by the English letter “D”, incorporates two horizontal lines that symbolize the currency’s stability and the UAE flag. This new symbol is set to represent the UAE’s growing presence in the international financial ecosystem.
Digital Dirham Initiative: A Step Toward Financial Innovation
In addition to the symbolic unveiling, the UAE’s Digital Dirham initiative continues to progress as part of the Financial Infrastructure Transformation (FIT) Programme. The Digital Dirham, which is set to launch for retail transactions in late 2025, will leverage blockchain technology to enhance the security, efficiency, and cost-effectiveness of digital payments.
The Digital Dirham is a key component of the UAE’s push to embrace digital currencies and streamline financial transactions, reinforcing the nation’s role as a pioneer in financial technology and innovation.
Digital Dirham Backed by Legislative Amendments
The UAE’s commitment to digital currency has been bolstered by recent legislative amendments that officially recognize the Digital Dirham as a legal payment instrument. These amendments aim to provide a robust framework for digital payments, fostering trust and security among consumers and businesses alike.
Furthermore, the UAE’s entry into the FX Global Code enhances the international standing of the dirham and promotes best practices within the foreign exchange markets.
Vision for the Future: Enhancing Financial Inclusion
“We are proud to unveil the new symbol for the UAE’s national currency, the Dirham, in both its physical and digital forms. The design of the Digital Dirham wallet is a testament to the advancements made in the implementation of this revolutionary programme,” said H.E. Khaled Mohamed Balama, Governor of the CBUAE.
“This move reflects the UAE’s vision of creating a more efficient, secure, and globally competitive financial infrastructure,” he added.
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About the UAE’s Financial Infrastructure Transformation Programme
The FIT Programme is a long-term initiative launched by the CBUAE to modernize and secure the UAE’s financial infrastructure, ensuring that the country remains at the forefront of global financial innovation. The Digital Dirham is a core element of this transformation, set to redefine how transactions are conducted in the UAE and internationally.
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