Syria’s Central Bank Governor, Abdulkader Husrieh, announced the launch of the new Syrian currency and its implementing instructions.
Speaking at a press conference attended by Enab Baladi on Sunday, 28 December, Husrieh said the move comes within an “integrated national economic strategy” aimed at strengthening monetary stability, restoring confidence in the national economy, and supporting a sustainable economic recovery.
He added that the step is part of a long-term strategic vision to rebuild Syria’s financial system and enhance the effectiveness of monetary policy, contributing to an improved economic environment and greater domestic and international confidence, as he put it.
Husrieh had previously announced the issuance of Decree No. 293 of 2025, which stipulates the introduction of the new Syrian currency and the start of a new monetary and economic phase in the country. He said the official launch of the exchange process will begin on 1 January 2026.
He noted that the currency exchange decree limits the exchange process to Syrian territory only.
Five pillars of the strategy
Husrieh said the approved economic strategy is built on five main pillars: achieving monetary stability, establishing a stable and transparent exchange market, building honest and effective financial institutions, promoting secure and efficient digital transformation, and developing balanced international economic relations that serve national economic interests.
He said achieving these pillars requires updating financial laws and regulations to the highest transparency standards, improving databases, keeping pace with global digital transformations, and adopting sustainable funding and training sources to ensure the financial sector’s continuous development.
In response to an Enab Baladi question about updating banking data systems to avoid any malfunction when the new currency is launched, Husrieh said preparations were made to start a new fiscal year in which bank accounts will be recalculated in the new currency. As an example, he said, 100,000 Syrian pounds will automatically become 1,000 new Syrian pounds.
He added that circulars had been distributed to banks, providing detailed explanations of the mechanism, both at the technology level and among executive administrations, and that all these factors were taken into account.
On lifting withdrawal restrictions, Husrieh said the issue is tied to other matters being worked on, and that one outcome of the new currency is addressing the liquidity problem.
The key to resolving the liquidity crisis, he told Enab Baladi, is restoring confidence in the financial sector, adding that work is underway with banks to rebuild trust.
Two zeros removed and a 90-day overlap
Husrieh said all bank balances from the start of next year will be in the new Syrian pound. He added that the exchange standard requires removing two zeros, meaning every 100 pounds will equal one new Syrian pound.
He said there will be a coexistence period between the two currencies for 90 days, extendable, and that the money supply will be maintained without increase or decrease.
Husrieh said the Central Bank is working with major global currency-printing companies to prevent counterfeiting. He added that the bank will provide Syrian pounds in case demand increases in exchange for foreign currency, noting that banks are being provided with temporary solutions to address electronic payment issues.
He said maintaining the currency’s value depends on sound economic policies and fiscal discipline.
Husrieh added that the Central Bank deals directly with major financial institutions and does not work through intermediaries, and that it will begin transferring 42 trillion Syrian pounds.
He said the old currency will be withdrawn after the transition to the new one, and that the Central Bank will issue official exchange-rate bulletins in both currencies to ensure clarity in transactions and prevent discrimination or speculation.
Husrieh stressed that the exchange process will be completely free, and that imposing any commissions, fees, or taxes under any name is prohibited. He said all public and private entities are required to apply the exchange standard to prices, salaries, wages, and financial obligations.
He also said the bank is committed to transparency and responsibility, announcing that it will proceed according to the 2026–2030 strategy toward a central bank operating under global standards, ensuring the stability of technical decision-making and strengthening the national financial sector’s approach within the global financial system.
He said launching the new currency is not a symbolic measure, but a pivotal milestone within a broader strategy based on solid institutional foundations, foremost among them building trust in national institutions and achieving sustainable economic stability.
He said the new currency is meant to signal a fresh start for Syria’s economy and show the bank is following through on its commitments, arguing that trust in the national currency depends on balanced policies and real, measurable progress.
He also underscored the Central Bank’s independence and its key role in safeguarding monetary and financial stability, pointing to ongoing efforts to strengthen discipline and transparency in the financial sector to build confidence at home and abroad.
He concluded by saying the rollout opens a new chapter for Syria’s economy, describing the new pound as a currency for all Syrians.
Smooth procedures
In a statement posted on his Facebook account on 25 December, Husrieh said the decree granted the Central Bank full authority to determine the timelines, mechanisms, and centers for exchanging the currency, ensuring “proper implementation and smooth procedures.”He said the bank would continue working between 25 and 27 December to complete technical and administrative preparations related to the exchange process.
The statement did not provide further details at the time on the design of the new currency or the denominations to be issued, saying that all details would be announced at the upcoming press conference.
Enab Baladi had obtained information from four government and financial sources indicating that the new currency would be issued in early 2026.
A source at the Ministry of Finance told Enab Baladi on 17 December that the official date for launching the new currency is 3 January 2026, adding that all banks would close between 27 December 2025 and 2 January 2026.
Syrian central bank governor announces implementing instructions for the new Syrian currency Enab Baladi.
Hence then, the article about syrian central bank governor announces implementing instructions for the new syrian currency was published today ( ) and is available on ُEnabbaladi ( Syria ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Syrian central bank governor announces implementing instructions for the new Syrian currency )
Also on site :
- 12-year old Russian beats world chess champion
- Body recovered from Lake Natoma amid search for missing man
- Passengers stuck on Delta flight for more than two hours after landing at Rochester airport