{
}
The Central Bank of the UAE has introduced a new symbol for the dirham, inspired by the letter "D" and reflecting national pride, alongside the launch of a digital dirham built on blockchain technology. This initiative aims to enhance financial stability, promote inclusion, and drive innovation in the financial sector, with the digital currency recognized as a universal payment method. The digital dirham will be accessible through licensed financial institutions, facilitating a seamless experience for both digital and traditional transactions.
The Central Bank of the UAE has introduced a new symbol for the dirham, enhancing its global recognition and reflecting the nation's financial transformation. This initiative coincides with the launch of the Digital Dirham, a central bank digital currency set to improve payment systems and financial inclusion, with retail issuance expected by late 2025. The UAE also became the first Arab central bank to adopt the FX Global Code, reinforcing its commitment to integrity and transparency in financial markets.
Khaled Mohamed Balama
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UAE introduces new dirham symbol and launches digital currency initiative
09:19 28.03.2025
UAE introduces new dirham symbol and advances digital currency initiative
12:41 27.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Central Bank Actions
GDP Growth & Recession Forecasts
CEO Changes
Global Trade Developments
Industry Mergers & Acquisitions
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Supply Chain Management
Domestic Politics
Workplace Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Barclays PLC
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Credit Suisse Strategic Income I
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
NVIDIA Corporation
Swiss Re AG
Beazley plc
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Canadian Dollar
Australian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
Vietnamese Đồng
People: