The EAU have approved an official symbol to represent the Dirha currency unit.
The Central Bank of the EAU (CBUAE) has presented the new symbol of the Eau national currency, the “Dirham”.
It means that Dirham now has a symbol like $ dollar or the euro €.
Eau Dirham symbol
The CBUAE announced the new symbol of the Eau national currency in its physical and digital forms.
The new Eau Dirham symbol will look like this
The letter was chosen, derived from the English name of Dirham, to serve as an international symbol that represents the currency of the nation, incorporating two horizontal lines that embody the stability of the Eau Dirham and inspired by the EAU flag, to improve stability.
The digital digham will look like this:
On the other hand, Dirham’s digital symbol presents a circle that surrounds the physical currency symbol, using the colors of the EAU flag to reflect national pride and identity.
The choice of the symbol serves as evidence of the reach and overall opening of the national currency with a more prosperous future, and the commitment to develop an innovative local financial ecosystem with a global perspective.
The CBUAE also announced the progress of the issuance and circulation of Digham Digham, a key initiative of the Financial Infrastructure Transformation Program (FIT) launched by the CBUAE in 2023, which pioneer in a pioneer in a pioneer in finance. In innovation and digitalization of financial products.
The EU Digital Dirham is supported by Federal Decree No. (54) or 2023 amending certain provisions of Federal Decree No. (14) or 2018 with respect to the Central Bank and the regulation of financial institutions and activities.
This will ensure the acceptance of DIHAM Digital as a universal payment instrument (legal tender) at all points of sale and payment channels along the physical currency.
The presentation of the new Dirham symbol is in conjunction with the recent union of CBUAE to the Global FX Code, becoming the first central bank in the Arab region to do so, occurs as part of CBUAE’s effort to establish the Dirham of the EAU as an international currency, together with the integrity and best practices of the best practices in the market of exchange of national currencies against the currency of the currency of foreign currencies and Promotions of the practices and promotions of the promotions and rules of the promotions and the sound of the rules of participants’ participation.
The CBUAE issues the “Dirham Digital” as a digital version of the national currency of the EAU, characterized by high levels of safety and efficiency, which contribute to the reduced costs of payments through the city in the risology of Blockchain, that a protection/privacy and completion of the atomic transaction.
People and companies will be able to obtain the Diham Digital through licensed financial institutions, such as banks, exchange houses, financial colleagues and Fintech colleagues, according to the use that will be activated.
Digham Digital is expected to take place in the last quarter of 2025 for the retail sector. Digital Dirham offers several key advantages and characteristics that promote development and innovation, including:
- Tokenization: digital digham facilitates token, improvement of financial inclusion and efficiency, and expansion of access to blender through the fractionalization of digital assets
- Intelligent contracts: Digital Digital is used with intelligent contracts to program the execution of complex transactions automatically, instantly liquidating them, in addition to multiple transactions and multiparty that involve conditions or obligations
The CBUAE has developed an integrated and safe platform for the issuance, circulation and use of Dirham Digital, including a Dirham digital wallet. The wallet is designed to facilitate the use and management of both individuals and companies, which allows a series of financial transactions, including retail payments, wholesalers and cross -border, transfers and money withdrawals, more time and redemption. This guarantees a perfect and convenient user experience, in line with the best standards and practices of the industry.
The platform is also characterized by its ability to easily incorporate innovative financial solutions adapted to emerging use cases driven by the rapid growth of the digital economy in the EAU. This contributes to guaranteeing a flexible and advanced financial system, even more solidifying the competitive advantage of the EAU as a leading financial center and a global digital payment platform.
Khalded Mohamed Balama, governor of the CBUAE, said: “We are proud to present today the new symbol of the national currency of the EAU, the” Dirham “both in their physical and digital forms, and the design of the digital wallet. Jump towards the realization of the vision of the CBUAE.
“It is anticipated that Digham Digital as a blockchain -based platform with avant -garde capacities will substantially improve financial stability, inclusion, resistance and combination financial crime. It will further allow the development of innovation, and digital and what occurs more digital and what are the digital accessories and what are the accessories and what are the international accessories international accesses and those that are and what are the international accesses and what are the accessories and those that are and what are the international accesses and those that are and what are the accessories and those that are found to the passuals and what are the accessories and those that are found and what are the accessories and those that are and what are the accessories and those that are and what are the accessories and those that are and what are the ones that are located and what are the ones that are located.
