Syria’s Central Bank Governor Abdelkader Husrieh announced on Thursday that the country will begin exchanging its old banknotes for newly issued currency on January 1, 2026, according to Reuters.
This move is part of Syria’s new government’s plan to strengthen the currency’s value by replacing Assad-era notes.
“The central bank has been given authority to decide the deadline for the swap and its locations,” Husrieh said.
The new government, under the leadership of President Ahmed Al-Sharaa, would unveil new banknotes, stripping two zeros from the currency in an attempt to revive public confidence in the pound that has suffered severe devaluation.
The announcement has raised some concerns among bankers, warning that the new currency could increase inflation and further rise the fragile purchasing power of Syrians who are struggling with soaring prices. However, Husrieh assured that the transition would unfold as a smooth, orderly swap.
He also noted that officials will hold a press conference on December 27 to outline the full details of the currency replacement process and its deadlines.
Husrieh described the initiative as a “pivotal national juncture that reflects the beginning of a new economic and monetary era”.
“The new Syrian currency is a symbol of our financial sovereignty after the liberation,” he added.
Related Topics:
US Launches Massive Retaliatory Strikes Against ISIS in Syria
Saudi Industry Minister, Syrian Counterpart Visit Made in Saudi Expo
Turkish Officials to Visit Syria for Talks on SDF Integration into State
