In a landmark decision, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has officially approved the Saudi riyal symbol on February 20, 2025. This initiative marks a significant milestone in reinforcing the national currency’s identity and prominence.
The Governor of the Saudi Central Bank (SAMA), H.E. Ayman M. Al-Sayari, expressed his deep gratitude to King Salman and HRH Crown Prince and Prime Minister, Mohammed bin Salman, for their support in launching the riyal’s official symbol. He emphasized that this move will enhance the currency’s standing on local, regional, and global levels.
Al-Sayari highlighted that the introduction of the symbol will be implemented progressively across financial and commercial sectors, ensuring seamless integration in collaboration with key stakeholders. He further stated that the initiative underscores Saudi Arabia’s cultural heritage and financial influence while strengthening its economic presence among major global markets, including the G20.
READ MORE:Â Catholic Church Warns Against Possible Religious Tensions Over Sharia Law in Southwest Nigeria
Acknowledging the collaborative efforts behind this milestone, the Governor extended his appreciation to all entities involved in the project. The initiative, spearheaded by SAMA, received contributions from the Ministry of Culture, the Ministry of Media, and the Saudi Standards, Metrology, and Quality Organization.
Designed with the highest technical standards, the new Saudi riyal symbol reflects the Kingdom’s rich cultural heritage through its unique Arabic calligraphy-inspired design. The symbol is expected to facilitate a more consistent representation of the currency in financial and commercial exchanges worldwide.
As Saudi Arabia continues to advance its Vision 2030 objectives, the adoption of the riyal symbol further cements the Kingdom’s role as a key player in the global financial system, highlighting the strength and stability of its economy.
