The Saudi Arabia riyal now has a symbol like the $ and € Saudi Arabia has officially approved a symbol to represent the riyal currency unit. Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has approved the Saudi riyal symbol in a historic move that will reinforce the Saudi currency’s identity, said the Saudi Central Bank (SAMA). SAMA Governor Ayman Al Sayari extended his profound appreciation to King Salman and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, for launching the Saudi riyal symbol. Saudi riyal symbol Al Sayari noted that this decision reinforces Saudi Arabia’s financial identity locally, regionally, and internationally. He indicated that the implementation of the new symbol will be gradual for financial and commercial transactions, with coordination across all relevant entities.​​​ Al Sayari said this initiative aims to promote national identity and cultural belonging, highlight the role of the national currency, and showcase the Kingdom among major global economies and G20 members. The initiative also signifies the increasingly important role of the national currency in the global financial ecosystem. The governor acknowledged the collaborative efforts that have facilitated this achievement, extending his appreciation to all contributing entities involved in the […]