Saudi Arabia Approves Official Symbol Of National Currency

Saudi Arabia on Thursday approved the official symbol for the Saudi riyal. The approval was given by Saudi Arabia’s King Salman bin Abdulaziz Al Saud. The Saudi riyal symbol embodies the country's rich cultural heritage, carrying the name of the national currency, “Riyal," in a design derived from Arabic calligraphy.

According to the Saudi Central Bank (SAMA), the symbol will streamline the representation of the Saudi riyal in local, regional, and international contexts, making it suitable for use in referring to the Saudi riyal in all financial and commercial transactions. The Governor of the SAMA, Ayman M Al-Sayari, indicated that the implementation of the new symbol will be gradual for financial and commercial transactions, with coordination across all relevant entities.​​​ Al-Sayari also added that the initiative aims to promote the national identity and cultural belonging, highlight the role of the national currency, and showcase Saudi Arabia among major global economies and G20 members.