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Saudi Riyal Symbol…A New Step to Strengthen the Kingdom’s Financial Identity

Saudi Riyal Symbol
The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has approved the Saudi Riyal currency symbol, in a historic move that reflects the wise leadership in strengthening the identity of the national currency and consolidating its position in the financial markets locally and internationally.
This decision embodies a new stage in the journey of the Saudi currency, as it contributes to strengthening Saudi Arabia’s position within the global financial system, particularly among the world’s largest economies and G20 members.
The Governor of the Saudi Central Bank, Ayman Al-Sayyari, noted that the implementation of the riyal symbol will be introduced gradually across financial and commercial transactions in coordination with relevant entities. This initiative aims to enhance confidence in the national currency and support the digital transformation of the financial sector, thereby increasing the efficiency of banking transactions and facilitating integration with global financial systems.
Furthermore, it reflects the Kingdom’s vision to strengthen national identity while supporting the business sector and e-commerce by providing an official symbol that facilitates digital and financial transactions at local, regional, and international levels.
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