RIYADH: King Salman bin Abdulaziz approved the official symbol for the Saudi riyal, marking a milestone that strengthens the identity of the Kingdom's national currency, the Saudi Gazette reported.

Saudi Central Bank (SAMA) Governor Ayman Al-Sayari expressed his profound appreciation to King Salman and Crown Prince and Prime Minister Mohammed bin Salman for their leadership in launching the symbol.

He emphasised that this decision will enhance Riyadh's financial identity on local, regional, and international levels. Al-Sayari noted that the implementation of the riyal symbol will be introduced gradually across financial and commercial transactions in coordination with relevant entities.

He highlighted that the initiative was designed to promote national identity, strengthen cultural belonging, and position the Saudi riyal prominently among major global currencies, particularly within the G20 economic framework.

The governor extended his gratitude to all entities that contributed to the development of the symbol, including the Ministry of Culture, the Ministry of Media, and the Saudi Standards, Metrology, and Quality Organisation.

Developed to the highest technical standards, the Saudi riyal symbol reflects the kingdom's rich cultural heritage, featuring a design derived from Arabic calligraphy. The symbol is expected to streamline the representation of the Saudi riyal in financial and commercial transactions both domestically and internationally.

Published in The Daily National Courier, February, 21 2025

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