UAE Central Bank to Launch Digital Dirham for Retail Use in Late 2025

The Central Bank of the United Arab Emirates (CBUAE) announced on March 27 that the Digital Dirham is slated for retail launch in the final quarter of 2025. This blockchain-based currency will be accessible through regulated banks, fintech firms, exchange houses, and licensed financial institutions. The Digital Dirham will support smart contracts and tokenization, enhancing transaction security and access to digital financial tools. CBUAE Governor Khaled Mohamed Balama emphasized its potential to improve financial stability, inclusion, and resilience while combating financial crime. The UAE has also unveiled new symbols for the Dirham, reflecting its focus on digital finance and blockchain innovation. These symbols, incorporating elements of the UAE flag, signify the country's ambition in the digital financial services sector. The CBUAE also recently joined the Global Foreign Exchange Committee, marking it as the first Arab central bank in the group.