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Syria to drop two zeros from its currency in bid for stability

Syria is preparing to issue new banknotes that will remove two zeros from its currency, aiming to restore public confidence after years of severe devaluation. The move comes as part of broader fiscal and monetary reforms following the end of a prolonged conflict and the ouster of the former president. The Central Bank Governor described the revaluation as a strategic necessity, with committees formed to oversee the process, though no specific timeline has been set. The Syrian pound has lost over 99 percent of its value since 2011, making everyday transactions cumbersome and prompting the need for this currency overhaul.

Original article source: https://www.timesofisrael.com/liveblog_entry/syria-to-drop-two-zeros-from-its-currency-in-bid-for-stability/
Source Id: 2025-08-812787071

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