The UAE is making big changes to its currency. The Central Bank of the UAE (CBUAE) has introduced new symbols for the dirham. These symbols represent the country’s growing role in global finance. The updated design strengthens the UAE’s identity and economic position.
The dirham’s new symbol includes the letter “D” with two horizontal lines. These lines show stability and strength. The digital dirham symbol has a circle around the physical dirham symbol. It also features the colors of the UAE flag. These updates reflect the UAE’s ambition to modernize its financial system.
The UAE plans to launch the Digital Dirham revolution by late 2025. This digital version of the dirham will use blockchain technology. It will help make transactions safer, faster, and more efficient. People and businesses can access the Digital Dirham through licensed financial institutions. These include banks, exchange houses, and fintech companies.
The Digital Dirham revolution will bring many benefits. It will lower costs, increase financial security, and boost international trade. This digital currency will also support smart contracts. These contracts will automate complex transactions quickly and safely.
Along with the digital upgrade, the UAE has started releasing new banknotes. The CBUAE introduced a new AED100 polymer banknote. This note includes advanced security features and a modern design. It will be used alongside existing AED100 banknotes.
The UAE may introduce more banknotes with the new dirham symbol. However, no official announcement has been made. The Digital Dirham revolution and new banknotes show the UAE’s commitment to financial growth.
