Elimination of zeros from the Syrian currency: Adverse effects on a collapsing economy ...Syria

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Elimination of zeros from the Syrian currency: Adverse effects on a collapsing economy
Enab Baladi – Jana al-Issa The deterioration of the Syrian pound against foreign currencies has led to the search for economic solutions to alleviate the impact of this decline, which was represented by escalating inflation rates and the money transfer issues faced by those dealing with the pound. The Syrian regime’s government has not taken any actual monetary measures in this context, amid repeated calls by officials or experts for its movement to align with the current economic situation’s requirements. Despite most experts agreeing on the necessity to issue a banknote larger than the currently highest denomination (5,000 Syrian pounds), the Central Bank of Syria has insisted for years on

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