Syria Sets 2026 Date for Old Banknotes

The Central Bank of Syria announced that the final date for exchanging the old banknotes will be July 30, 2026, following significant progress in the redemption process. Starting from July 31, 2026, the old banknotes will lose their legal tender status and will no longer be valid for trading or financial transactions. The process of withdrawing the old notes will continue for five years, requiring applications to be submitted through the Central Bank of Damascus, provided that the number of notes submitted is at least 100 banknotes per denomination, with the value transferred to an account in the new Syrian pound without any fees or commissions. This step is part of the Syrian currency restructuring plan that began in 2026, aimed at simplifying financial transactions and reducing counterfeiting, without changing the currency's purchasing power.

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