In Short

• UAE unveils new Dirham symbol inspired by national flag.
• Design incorporates UAE flag colours and Arabic calligraphy.
• Digital format includes a ring for security and continuity.

The UAE unveiled a new symbol for its national currency, the Dirham. The new design was unveiled by Central Bank of the UAE (CBUAE) on Thursday. It will be used for both physical and virtual forms of Dirham.

The new Dirham symbol draws inspiration from the UAE flag and the nation’s robust identity. It consists of two horizontal lines that represent the stability of the Dirham, with elements drawn from the design of the flag to emphasise the unity and power of the nation.

New currency notes? 

Hassan Fawaz, chairman and founder of GivTrade, said that countries typically issue new currency notes after introducing new symbols, following a systematic approach. “The process usually involves gradual implementation, with new notes being introduced in phases while old notes remain legal tender during the transition period. The main reason for issuing new series or upgrades is typically security enhancement, combined with the integration of new design elements,” he said.

In 2010, India introduced a new symbol for its currency, the rupee. Later, it printed new rupee notes with the symbol.

The Central Bank of UAE became the first central bank in the Arab region to introduce it.