The Kingdom of Saudi Arabia (KSA) officially launched a currency symbol for the riyal on Thursday, February 20, marking a historic step in strengthening the Kingdom’s national currency.
The move was announced by the Saudi Central Bank (SAMA) following official approval from King Salman bin Abdulaziz.
“This initiative aims to promote Saudi Arabia’s financial identity locally, regionally and internationally. It reinforces national identity and cultural belonging, highlights the role of the national currency and showcases the Kingdom among major global economies and G-20 members,” the bank said in a statement.