Syria issues fatwa on Lebanese lira sales
The Dar al-Ifta in Syria has issued a fatwa prohibiting the sale of old Syrian pound banknotes for more or less than their current value, as long as they can still be exchanged through banks or the Central Bank of Syria, due to the risks associated with usury. The Central Bank confirmed that the withdrawal of old banknotes will start on July 31, 2026, and will continue for five years, with extended banking hours to facilitate the exchange process. After the deadline, the old banknotes will become illegal for use, in order to protect funds and regulate financial transactions during the transition to the new currency.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)