King Salman bin Abdulaziz, the Custodian of the Two Holy Mosques, officially endorses the Saudi riyal symbol. This move strengthens the Kingdom’s currency identity. Governor Ayman Al-Sayari of the Saudi Central Bank (SAMA) expresses deep gratitude to King Salman. He also thanks Crown Prince Mohammed bin Salman for their visionary leadership.
Enhancing National Financial Identity
Al-Sayari states this decision boosts Saudi Arabia’s financial presence locally, regionally, and globally. The initiative aims to highlight national pride and cultural roots.
The introduction of the riyal symbol will occur step by step. It will coordinate with various sectors involved in financial and commercial activities across the nation.
This effort seeks to elevate the Saudi riyal among leading global currencies, especially within the G20 economic group. It focuses on promoting national identity and heritage.
Al-Sayari acknowledges contributions from multiple organizations. These include the Ministry of Culture, Media, and the Saudi Standards, Metrology, and Quality Organization.
Technical Excellence in Design
The new riyal symbol showcases the Kingdom’s rich cultural legacy through Arabic calligraphy. It meets top technical standards ensuring ease of use worldwide.
Expectations are high that the symbol will simplify how the riyal appears in transactions. This applies both inside and outside the country enhancing its international appeal.
