According to the statement, the Central Bank of Syria will hold a press conference dedicated to explaining the exchange mechanism in detail, with the aim of enhancing transparency and building public trust. It also said the bank will continue operating between 25 and 27 December to follow up on technical and administrative preparations for the exchange.
The statement did not provide further details about the design of the new currency or the denominations to be issued, saying all details will be announced during the expected press conference.
The Syrian pound will be worth 100 pounds after two zeros were removed: a new Syrian currency to be put into circulation within days.
The Governor of the Central Bank of Syria, Abdul Qader Hasriya, announced the launch of the new Syrian currency and issued its implementing regulations, emphasizing that this step is not a mere formality but rather a pivotal milestone within a comprehensive strategy based on solid institutional foundations.
The Governor indicated that the new currency was designed according to international standards and reflects the bank's commitment to implementing professional and responsible reform policies, marking a new beginning for the future of the Syrian economy.
He explained that transactions in the new Syrian pound will begin on January 1, 2026, with designated points for the free exchange of the old currency. He stressed that all bank balances from the beginning of next year will be in the new currency.
He confirmed that the exchange process will be carried out according to the principle of removing two zeros, so that 100 old Syrian pounds will become equivalent to one new Syrian pound, thus strengthening citizens' confidence in the support for the independence of the national economy.
He added: "We will provide the new Syrian pound if demand for it increases."
Syria to launch new currency on January 1
Reuters/Yamam Al Shaar
The monetary reform includes removing two zeros from the Syrian pound and allowing a 90-day period of dual circulation, the state-run Syrian Arab News Agency (Sana) reported, quoting Husarieh.
“The move is the beginning of a new economic and monetary phase for the country,” he was quoted as saying.
Uploaded: Dec 28, 2025
- Redenomination: 100 old Syrian Pounds (SYP) will equal 1 new Syrian Pound (SYP).
- Launch Date: Exchange begins January 1, 2026, for 90 days, with possible extension.
- Purpose: To address hyperinflation, simplify large transactions, and restore confidence in the currency.
- Process: A direct replacement, not an increase in money supply; all bank balances convert automatically.
- Exchange: Free of charge at designated outlets, with banks closed briefly for the transition.
- New Notes: Feature enhanced security and will circulate alongside old notes.
- Economic Strain: The Syrian pound has lost over 99% of its value since 2011, making large bundles of cash necessary.
- Post-Sanctions Era: The move follows the repeal of the Caesar Act sanctions, opening doors for financial reintegration.
- Broader Strategy: This is part of a five-pillar economic plan for stability, transparency, and digital transformation, notes Arab News
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