Core Viewpoint - Syria plans to issue new banknotes by removing two zeros from the currency denomination to restore public confidence in the severely devalued Syrian pound, which has lost over 99% of its value since the conflict began in 2011 [2][5]. Group 1: Currency Reform Details - The new banknotes are set to be officially issued on December 8, coinciding with the anniversary of President Bashar al-Assad's ousting [2]. - The Central Bank of Syria has instructed commercial banks to prepare for the new currency by mid-October, including submitting detailed infrastructure reports [2][3]. - Both old and new banknotes will circulate simultaneously for a 12-month "parallel period" until December 8, 2026 [2]. Group 2: Economic Context - The Syrian pound's purchasing power has plummeted, with the current exchange rate at approximately 10,000 pounds to 1 US dollar, compared to 50 pounds before the conflict [2]. - The ongoing conflict has led to a significant dollarization of the economy, with prices in stores and gas stations often quoted in US dollars [5]. - Concerns have arisen regarding the liquidity of the Syrian pound, particularly as an estimated 40 trillion pounds circulate outside the formal financial system [5]. Group 3: Political Implications - The currency reform is seen as a necessary political shift, symbolizing a break from over 50 years of Assad rule, as the current banknotes feature the images of Bashar and his father, Hafez al-Assad [5][6]. - The new leadership has promised to create a free market economy and lift restrictions on currency use to improve cash flow [5]. - Economic experts warn that the revaluation may confuse consumers, especially the elderly, and highlight the lack of a clear regulatory framework for implementation [6].
叙利亚新纸币将直接去掉两个零!或与俄罗斯合作印钞
Jin Shi Shu Ju·2025-08-22 11:47