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The Central Bank of Syria has introduced a new currency, effective January 1, 2026, marking a historic shift in the country’s economy. Old banknotes were redenominated by removing two zeros, and the newly designed Syrian pound has entered circulation. Citizens and businesses across the country are closely following the transition process.
The Central Bank of Syria introduced the new currency to combat inflation and simplify everyday transactions. Under the redenomination plan, 100 old Syrian pounds now equals 1 new Syrian pound. Experts say the move will reduce market confusion and facilitate international financial transactions.
The new banknotes no longer feature portraits of past leaders, instead highlighting the country’s cultural and natural symbols. Architectural landmarks, historical sites, and natural landscapes are depicted on the notes. This change gives the currency a modern look and symbolizes a break from the past.
During the transition period, both old and new banknotes will be valid for approximately 90 days. Authorities advise citizens and businesses to monitor the timeline carefully and ensure they are using the currency within the legal period.
Merchants and businesses are required to display prices in both old and new currency during the transition. This regulation aims to prevent market confusion and protect consumer rights. Banks and financial institutions are also informing the public and facilitating the use of new banknotes.
Some economists and citizens worry whether the new currency will stabilize prices effectively. In areas with high inflation, purchasing power could still be affected. However, many believe that the new banknotes will make carrying and handling cash easier.
The Central Bank sees the new currency as part of a broader economic reform program aimed at strengthening financial stability, regulating markets, and improving integration with international trade. Experts say the move could have positive long-term effects on the Syrian economy.
Daily transactions and cash use will become easier with the new Syrian pound. The simplified banknotes reduce the need for large sums and make carrying cash more convenient. Citizens are using the new currency in markets, stores, and official transactions, while banks are running awareness campaigns to help the public adjust.
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