The Central Bank of Syria announced the launch of a new currency that will come into circulation on January 1, 2026, aiming to stabilize the economy after more than a decade of conflict and hyperinflation.
The move seeks to leave behind years of instability and improve the country's financial situation.
Governor Abdulkader Husrieh described the change as the beginning of a new economic era.
"the beginning of a new economic era"
The exchange process will be organized with a press conference on December 28, where deadlines and exchange centers where the public can hand in old banknotes will be detailed.
The Syrian GDP fell to less than half after 14 years of war, and per capita income dropped to $830.
Nonetheless, the World Bank projects a 1% growth for 2025, which could spur investment and normalize public institutions.
The new monetary sign is seen as a crucial step to attract investment and restore normality in the functioning of public entities, even though large parts of the country still face critical reconstruction and border security challenges.
