Analysts say that the new symbol for the riyal, inspired by Arabic calligraphy, reflects a seamless blend of tradition and progress — key to the nation's ongoing economic reform efforts," as the Kingdom aims to establish itself as a worldwide financial powerhouse.
King Salman's approval of the emblem was declared on February 20. The Saudi Central Bank described this as "a new chapter in the evolution of our national currency."
The symbol will be utilized in banking and business activities both domestically and abroad. It combines the name of the national currency with Arabic calligraphy.
The symbol will be implemented immediately, according to the central bank, commonly known as SAMA. It will be gradually integrated into financial and commercial activities as well as other applications in conjunction with pertinent institutions.
