Saudi Arabia unveiled a new official symbol for its national currency, the riyal, in a move aimed at bolstering the kingdom’s financial identity both domestically and internationally, Arab media informed.
The Saudi Central Bank (SAMA) announced the launch on Thursday, following approval from King Salman bin Abdulaziz Al Saud.
The new symbol, designed to reflect Saudi Arabia’s rich cultural heritage, is inspired by Arabic calligraphy and incorporates the name of the currency, “Riyal.” SAMA stated that the symbol adheres to the highest technical standards and will simplify the representation of the riyal in financial and commercial transactions worldwide.
Reinforcing global financial presence
The initiative aligns with Saudi Arabia’s broader economic and cultural goals under Vision 2030, a strategic framework aimed at diversifying the economy and reducing dependence on oil.
SAMA Governor Ayman Al-Sayari expressed gratitude to King Salman and Crown Prince Mohammed bin Salman for their leadership in launching the symbol.
He stressed that the move underscored Saudi Arabia’s growing role among major global economies and G20 members while reinforcing national identity and cultural pride.
The currency symbol was developed in collaboration with key Saudi institutions, including the Ministry of Culture, the Ministry of Media, and the Saudi Standards, Metrology, and Quality Organisation. Governor Al-Sayari thanked the entities for their contributions, describing the new symbol as a significant milestone in the kingdom’s financial evolution.
The launch of the riyal symbol marks a historic moment for Saudi Arabia, showcasing its dedication to innovation and its vision for a prosperous future.
