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Syria unveils currency reform plan, cutting 2 zeros from pound
Economic Impact of Syria’s New Currency Launch
The Central Bank of Syria (CBS), announced the executive instructions for launching the new Syrian currency, stressing this step is not merely procedural but represents a pivotal milestone within a comprehensive institutional reform strategy. The move aims to strengthen public confidence in national institutions and lay the foundations for sustainable economic stability. Pillars of the Reform Strategy During a press conference held at CBS’s head…
Al-Sharaa and Husrieh unveil Syria’s new currency - Enab Baladi
Syrian transitional President Ahmed al-Sharaa and Central Bank Governor Abdulkader Husrieh unveiled Syria’s new currency, which includes six denominations, during a ceremony at the Conference Palace in Damascus on Monday evening, 29 December. Al-Sharaa said there are several concepts that must be clarified during the currency exchange phase, foremost among them that adjusting the zeros and removing two zeros from the currency does not mean the e…
At today's rate, one euro is worth 13 billion pounds of rice.
Syria launched its new currency today during an official ceremony held at the Conference Palace in Damascus, attended by President Ahmed al-Sharaa. The ceremony included the unveiling of the new currency designs, which aim to enhance financial stability and improve monetary transactions in the country. Officials emphasized that the new currency represents a significant step in the government's efforts to support the national economy and facilita…
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