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The Grand Fatwa Council of Syria has issued a guideline regarding the Islamic ruling on the sale or exchange of the old Syrian currency that is still redeemable at banks or the Central Bank of Syria. It clarified that selling or exchanging these currencies for less than their value or more than their value is not permissible Islamicly, provided they are still exchangeable at their nominal value, as such transactions are considered usury (riba). For example, the ruling applies to exchanging ten thousand old Syrian liras for ten thousand new Syrian liras, and it is not permissible to negotiate for less or more than the official value.
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