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Syria currency reform and banknote replacement

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-07-26 14:32 UTC → 2026-08-01 21:56 UTC · added removed

In early July 2026, Governor Safwat Raslan of 2026 the Central Bank of Syria reported that about 80 % of the old banknotes had been exchanged, describing the operation as a success exchanged and outlining the outlined next steps: a regulatory framework for electronic wallets, a national anti‑money‑laundering strategy and efforts to remove Syria from the FATF grey list. He also highlighted broader goals of stabilising the Syrian pound steps such as electronic‑wallet regulation and attracting investment during reconstruction. an anti‑money‑laundering strategy. By the end of July, the bank announced that July the exchange deadline for exchanging the remaining old notes had passed expired on 30 July. From July; from 31 July, July the old notes lost legal tender legal‑tender status and would be withdrawn under entered a five‑year withdrawal programme managed exclusively solely by the Damascus central bank in Damascus. bank. Exchanges would be must involve a minimum of 100 notes, are credited to accounts the holder’s account in the new Syrian pound without any fees, and the term “Syrian pound” in official documents would now refer refers to the new currency. The announcement emphasized adherence bank urged the public to use official channels and warned against rumors. Following the finality cut‑off, citizens publicly destroyed the obsolete notes, many burning banknotes bearing former President Bashar al‑Assad’s portrait, a symbolic farewell that spread on social media. The reform, completed under the transitional government of President Ahmed Shah, introduced new denominations (10‑500 lira) and removed two zeros from the transition. currency.

Versions

  1. 2026-08-01 21:56 UTC Syria currency reform and banknote replacement
  2. 2026-07-26 14:32 UTC Syria currency reform and banknote replacement

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