Significant Change in Syrian Lira: New Banknotes are Coming

BIST News
The Central Bank of Syria aims to introduce banknotes in accordance with new international standards to target liquidity and price stability in the economy.

Central Bank of Syria President Abdulkadir Husariyye announced that they have taken an important step towards renewing the country's economic structure. The design of the new banknotes has been carried out in accordance with international standards, aiming to facilitate the verification processes further.

The banknotes will be issued in three different sizes – small, medium, and large. This new implementation is not just a visual change; it is expected to provide positive contributions to the functioning of the Syrian pound in the market. With the introduction of the new banknotes, the old and worn-out money will no longer be valid, thus marking a step towards achieving economic stability.

Husariyye emphasized that the new banknotes will not increase the total money supply. These new notes, which will replace the existing banknotes, are designed to regulate liquidity in the economy and ensure overall price stability. This aims to prevent imbalances in the market. The printing and distribution process of these banknotes is being meticulously carried out by the relevant authorities.

With the new banknotes, it will be possible to observe changes in Syria's economic dynamics. The appearance of the currency is not the only focus; there are also plans to reestablish public confidence. Moreover, predictions regarding how these changes will be received in the markets have become a major topic of discussion among experts.

More detailed information about the project is expected to be announced to the public after the completion of the printing and distribution process. Thus, a comprehensive assessment of how the new banknotes will impact the Syrian economy can be made.

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Syrian pound

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