Syrian Pound Redenomination Aims to Restore Confidence, Not a Quick Fix

The Central Bank of Syria confirmed that the new Syrian Pound project aims to reorganize daily cash transactions without altering purchasing power, as part of a long-term strategy to rebuild confidence in the national currency.

Deputy Governor Mukhles Al-Nather stated that removing zeros from the Syrian Pound is designed to make prices clearer and calculations easier, while fully protecting citizens’ savings, wages, and financial obligations through a gradual and well-structured implementation.

He stressed that the new Syrian Pound is not a quick fix but a reform step based on financial discipline, stability, and transparent communication with the public to reinforce trust in the monetary system.

Launch date and exchange process

Central Bank Governor Abdul Qader Al-Hassariya announced that January 1, 2026 has been set as the official launch date for the new currency and the start of the exchange process, confirming that the transition will be smooth and clearly explained to ensure transparency and protect citizens’ rights.

This initiative forms part of broader efforts to modernize the monetary system, enhance price clarity, and strengthen financial stability.