King Salman approves the Saudi riyal symbol, reflecting cultural heritage and bolstering global financial presence.
RIYADH, Saudi Arabia — In a landmark decision, King Salman bin Abdulaziz Al Saud approved the official symbol for the Saudi riyal. This initiative aims to strengthen the currency’s identity and elevate Saudi Arabia’s financial stature on both regional and international stages.
Governor of the Saudi Central Bank (SAMA), Ayman Al-Sayari, expressed profound gratitude to King Salman and Crown Prince Mohammed bin Salman for their leadership in introducing the symbol. Al-Sayari highlighted that this move reinforces the Kingdom’s financial identity and showcases its commitment to cultural heritage. He noted that the symbol’s implementation will be phased, ensuring seamless integration into financial and commercial transactions in collaboration with pertinent entities.
“This decision underscores Saudi Arabia’s growing influence among major global economies and within the G20,” Al-Sayari stated. “The symbol not only promotes our national identity but also signifies the increasing importance of the Saudi riyal in the global financial ecosystem.”
The development of the symbol was a collaborative effort spearheaded by SAMA, involving the Ministry of Culture, the Ministry of Media, and the Saudi Standards, Metrology and Quality Organization. Designed to the highest technical standards, the symbol embodies the Kingdom’s rich cultural heritage, featuring the word “Riyal” rendered in Arabic calligraphy. This design facilitates a unified representation of the Saudi riyal across various platforms, enhancing its recognition in all financial and commercial contexts.
As Saudi Arabia progresses with its Vision 2030 agenda, the introduction of the riyal symbol solidifies the Kingdom’s commitment to reinforcing its financial system and expanding its role on the international stage.
Source: Saudi Press Agency
