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

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 a “pivotal national milestone” and the beginning of a new economic and monetary phase for the country.

An exchange of old notes for the new ones will be managed by the Central Bank, which will set timelines and locations.

Husariah described the new currency as a symbol of renewed financial sovereignty after years of conflict in which the government of former President Bashar Assad was overthrown.