Syria(The COW News Digital)Syria’s central bank has officially introduced a new series of banknotes in an effort to strengthen national identity and restore public confidence in the country’s financial system, Syrian state media reported on Monday.
According to the report, the Central Bank of Syria said the launch of the new currency is part of broader measures aimed at improving trust in the national economy and facilitating smoother financial transactions. Officials believe the redesigned banknotes will help reinforce confidence in the monetary system at a time when the country continues to face economic challenges.
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President Ahmed al-Sharaa welcomed the move, saying the introduction of new banknotes would make daily transactions easier for citizens. He confirmed that the currency exchange process will begin on January 1, allowing people to replace old notes with the new ones over a 90-day period.
In an official statement, the central bank clarified that the replacement process will be carried out in phases to avoid placing pressure on the financial system. Authorities stressed that banks and exchange centers have been instructed to ensure a smooth transition, minimizing disruption to businesses and the general public.
The central bank emphasized that the new banknotes are not intended to change the value of the currency but rather to modernize its design and improve security features. Officials noted that enhanced anti-counterfeiting measures have been incorporated to protect the currency from fraud and illegal duplication.
Economic experts say such currency updates are often used by governments to signal stability and reform, especially in economies recovering from prolonged conflict and sanctions. While the effectiveness of the move will depend on broader economic conditions, analysts believe the introduction of new notes could help improve public perception of the financial system.
The Syrian economy has faced years of strain due to conflict, international sanctions, and currency depreciation. In recent years, authorities have taken several steps to stabilize the economy, including banking reforms and efforts to regulate currency exchange markets.
Officials reiterated that citizens would not lose the value of their existing money during the exchange process. The central bank urged the public to rely only on official channels for information and to avoid misinformation that could cause unnecessary concern.
As the rollout begins in the new year, banks across the country are expected to facilitate the exchange process under the supervision of the central bank. Authorities say further details regarding denominations and distribution will be announced in due course.
The move marks a significant development in Syria’s financial policy as the government seeks to rebuild confidence and strengthen economic stability.
