King Salman approves official Saudi riyal symbol

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has officially approved the symbol for the Saudi riyal, marking a historic milestone in reinforcing the national currency's identity.

Governor of the Saudi Central Bank (SAMA) Ayman bin Mohammed Alsayari stated that the decision plays a crucial role in strengthening the Kingdom’s financial identity at local, regional, and international levels, Saudi Press Agency reported.

He noted that the currency symbol will be implemented immediately and will gradually be reflected in financial and commercial transactions, as well as various applications, in coordination with the relevant official authorities.

Alsayari further emphasized that this initiative aims to foster national pride and cultural affiliation, elevate the status of the Saudi riyal, and enhance confidence in it. Additionally, it highlights the Kingdom’s position among major global economies and G20 countries while underscoring the growing significance of the national currency in the global financial system.

Alsayari praised the tireless efforts that led to this achievement, expressing his gratitude to all parties involved in the project. He specifically acknowledged the contributions of SAMA, the Ministry of Culture, the Ministry of Information, and the Saudi Standards, Metrology, and Quality Organization (SASO) in adopting the national currency symbol.

According to the statement, the newly designed national currency symbol meets the highest technical standards and reflects the Kingdom's rich cultural heritage. The symbol features the name of the national currency, "Riyal" with a design inspired by Arabic calligraphy.

The introduction of this symbol will enhance the representation of the Saudi riyal on local, regional, and international levels, making it a recognizable and standardized reference in financial and commercial transactions.

SAMA Governor emphasized that this decision plays a key role in strengthening the Kingdom’s financial identity both domestically and globally.