A new symbol of the United Arab Emirates Currency (UAE) has been revealed by the Central Bank of the UAE (CBUAE) in an effort to strengthen its position as a leading world economic hub.
The new Dirham symbol represents the stability of the Emirates currency and also pays tribute to the UAE national flag.
The symbol for digital dirham was also revealed by CBUAE, according to The national.
“The letter was chosen, derived from Dirham’s English name, to serve as an international symbol that represents the coin of the nation, incorporating two horizontal lines that incorporate the stability of the UAE Dirham and were inspired by the UAE flag, to the UAE flag,”
“The Dirham digital symbol has a circle that surrounds the symbol of the natural currency, using the colors of the UAE flag to reflect pride and national identity.”
The issue of Digital Dirham is expected to take place in the last quarter of the year for the retail sector.
Globally, central banks tend to develop their digital currencies, as the popularity of cryptocurrencies, as a category of assets between retail and institutional investors, are growing.
“We are proud to reveal today the new symbol of the national currency of the UAE the” Dirham “in both its natural and digital forms and the design of Dirham’s digital wallet,” said Khaled Mohamed Balama, Governor of CBUAE.
“This reflects the important developments in the implementation of the Digital Dirham program and a jump to make the CBUAE vision,” he added.
Digital Dirham, for individuals and businesses, will be available in authorized financial institutions such as banks, exchange houses, funding companies and Fintech companies.
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