The Central Bank of the UAE (CBUAE) has announced a bold redesign of the Dirham symbol, alongside plans to launch its blockchain-based digital Dirham by the end of 2025. This move aligns with the UAE’s broader fintech transformation strategy, strengthening its position as a global financial hub.
The redesigned Dirham symbol features the English letter ‘D’ with two horizontal lines, emphasising the currency’s international standing and recognisability. The unveiling of the new Dirham symbol aligns with the CBUAE's recent adoption of the FX Global Code, a first for Arab central banks, establishing the Dirham as an international currency along with enhancing the integrity and best practices in the exchange market for the national currency.
Meanwhile, the digital Dirham variant includes a circular motif and a colour scheme inspired by the UAE national flag, reinforcing national identity while embracing digital innovation. The digital Dirham, built on blockchain technology, will be distributed by licenced financial institutions later this year.
The digital Dirham promises to reduce transaction costs, cut cross-border payment times, strengthen the integrity of the currency and also enhance financial inclusion through innovative financial products.
With its currency modernisation, the UAE cements its ambition to establish a strong international presence for its currency and also lead the future of digital finance. The digital Dirham's 2025 debut could redefine regional payments, offering businesses and consumers faster, cheaper transactions while attracting global fintech investment.