US EditionSyria’s Currency Overhaul: Symbolic Fix or Path to Reform? - The Syrian Observer
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6 Articles
The Syrian central bank will print new banknotes, replacing those in force under dictator Bashar al-Assad. And the new banknotes will have two zeros fewer than today's banknotes. – (It) is a very important measure, but it will not affect the value of the currency, says central bank governor Abdul Qadir al-Hasriya on Syrian television. Since the civil war began in 201...
Syria’s Currency Overhaul: Symbolic Fix or Path to Reform? - The Syrian Observer
Syria is preparing to introduce a new series of banknotes in December, slashing two zeros from its battered pound in what the Central Bank describes as part of a “broader reform program” aimed at restoring public confidence, easing daily transactions, and stabilising the financial system. Yet the announcement has sparked heated debate among economists and the wider public. Critics warn that the move may prove largely cosmetic unless accompanied …
The Governor of the Central Bank of Syria, Abdul Qader Hasri, revealed a comprehensive reform plan for the banking system, including restructuring local banks, granting new licenses to attract investment, and seeking to join the SWIFT global financial system...
To restore the value of its currency, the governor of the Syrian central bank, Abdul Qadir al-Hasriyala, announced Monday, 25 August, that Syria would change its notes by removing two zeros and printing new notes. The governor saw it as a sign of "financial liberation".
Syria’s Currency Reform Marks Political Shift, Not Economic Recovery | The Middle East Observer
Syria is preparing to issue new banknotes that will slash two zeros from its battered currency, in a high-stakes bid to restore public confidence and ease daily transactions. The move comes after more than a decade of war, economic collapse, and the ouster of President Bashar al-Assad last December. According to banking sources and documents […]
Syria Plans Currency Reform to Address Economic Crisis - Khaama Press
Syria plans to introduce new banknotes and drop two zeros from its currency to simplify transactions, stabilize the economy, and restore public trust. The Syrian government has announced plans to print new banknotes and remove two zeros from the Syrian pound in an effort to stabilize the collapsing economy. Central Bank Governor Abdulqader Husrieh said the move is part of a broader program of financial and monetary restructuring aimed at simplif…
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