NEW MONEY

Syria to unveil new currency as a symbol of its economic reset

An exchange of Syria's old depreciated pound notes for the new ones will be managed by the Central Bank, which will set timelines and locations

David Lombeida/Bloomberg via Getty Images

A Commercial Bank of Syria automated teller machine

Syria will be rolling out a new national currency on Jan. 1 in a break with years of the pound’s depreciation.

Central Bank of Syria Governor Abdulkader Husarieh announced the move in Damascus on Thursday, calling it...