16 Hrs
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شبكة شام الإخبارية
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Central Bank Sets Old Banknote Withdrawal Procedure
The Central Bank of Syria has announced that the process of replacing old banknotes will be officially concluded on July 30, 2026, after approximately 80% of the circulating cash has been exchanged so far. It was also confirmed that the old banknotes will lose their validity starting July 31, 2026, and will no longer be accepted for transactions. However, they will continue to be withdrawn through the Central Bank in Damascus until 2031. The process faces challenges related to a shortage of small denominations and an uneven distribution of the new currency, which hinder the full transition to the new monetary system. As a result, the old currency continues to circulate in markets, affecting price accuracy and undermining confidence in the new currency.
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