The UAE Central Bank announced on Thursday the adoption of an official symbol for the national currency, Emirati Dirham, as part of its strategy to strengthen the currency’s identity.
The move coincided with the UAE Central Bank becoming the first Arab institution to join the Global Foreign Exchange Charter, a landmark step in aligning with international financial standards.
Additionally, the bank revealed plans to implement the Digital Dirham, set to be operational in the retail sector by the final quarter of 2023, marking a significant leap toward digitizing the UAE’s financial ecosystem.
