Implications of Withdrawing Syrian Currency

The Central Bank of Syria announced the completion of the withdrawal of the old Syrian currency from circulation, as it has become illegal to trade after the expiration of the exchange period on July 30, 2026. The final deadline for exchanging the remaining currency is set for one week, from August 2 to August 6, 2026, at all banks and postal branches without any fees. After this period, currency exchange will be limited to the Central Bank of Syria in Damascus for five years, through online requests, provided that the exchanged notes include no fewer than 100 bills per denomination, with the amount converted into the new Syrian pound. This measure marks the end of a phase of the currency linked to the previous Syrian regime and aims to restructure the monetary system and complete financial reforms.

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