Syria New Currency Plan Signals Major Economic Shift in 2026
Syria will roll out a new national currency on January 1, 2026. The Central Bank confirmed the move through an official decree.
As a result, authorities aim to reset confidence in the financial system. Central Bank Governor Abdulkader Husarieh announced the plan this week. He said the change marks a fresh phase for monetary policy. Therefore, officials see it as a long term economic milestone.
The decision follows Decree No 293 of 2025. According to officials, the decree outlines the legal framework. In addition, it empowers the Central Bank to manage the transition.
Exchange Process Designed to Stay Smooth
The Central Bank will oversee all currency exchanges nationwide. Officials will announce timelines and locations ahead of time. However, the bank promises a calm and orderly process. Authorities plan to share full details during a press conference. This step aims to keep the public informed and reassured.
As a result, transparency remains a key priority. Citizens will receive clear guidance before the exchange begins. For example, officials will explain deadlines and eligibility. This approach helps ensure inclusion for everyone.
Zeroes Removed to Restore Confidence
The Syria new currency will feature eight redesigned notes. Officials confirmed plans to remove two zeroes from denominations. Therefore, the change seeks to simplify daily transactions. Earlier this month, Husarieh shared details of the reform. He described it as a response to prolonged currency pressure.
In addition, leaders hope it stabilizes market expectations. The Syrian pound has faced severe devaluation in recent years.
Recent data showed rates above 11,000 per dollar. As a result, public trust has weakened over time.
Officials now frame the new notes as a symbol of independence. They also link the move to economic recovery goals.
However, experts say success depends on broader reforms. Still, the announcement has sparked cautious optimism. Many see it as a chance to reset confidence. Ultimately, the months ahead will shape public response.
