Syrian Central Bank to cease old banknotes Thursday

The Central Bank of Syria announced that the deadline for exchanging old banknotes will end on July 31. The official withdrawal will begin next Friday and will last for five years through the Central Bank in Damascus. It is required that the number of notes submitted for exchange be at least 100 notes of any denomination, and that the value be transferred to a bank account in the new Syrian pound without any fees or taxes. The bank called on citizens to adhere to official instructions and to avoid rumors.

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