With Saudi Arabia’s growing economic influence, authorities are consistently taking steps to further enhance the brand image of the Kingdom. A major announcement about the Saudi currency today has revealed that a new symbol has been introduced to represent the Riyal.
The Riyal Symbolism
The symbol design is a reflection of Arabic culture and identity, encapsulating the word “Riyal” in Arabic, as well as the national pride of Saudi citizens. As KSA is the Gulf’s largest country, businesses will rapidly adopt this new symbol.
Therefore, for eCommerce store owners operating in the Middle East, it is imperative to act fast and include this symbol on their online stores.
Advice for eCommerce Store Owners
Make sure your product pages display the price in the new Riyal symbol. Make sure it is associated with the Saudi flag, or the previous currency abbreviation of SAR to clarify its meaning to those who may be unaware of the announcement regarding the Riyal symbol.
There are technical guidelines on the use of the Riyal symbol that should be followed by your eCommerce store, FinTech app, or other user-facing or pricing-related web pages to comply with Saudi authorities’ standards.Â
Wrapping Up: A Bright Future for the Riyal
As a software development company serving major clients in the Kingdom of Saudi Arabia, Objects will be adopting the new Riyal symbol in our transactions, and including it in websites and mobile applications we develop. We highly recommend eCommerce store owners serving the Middle Eastern markets to adopt the symbol.
