What's happened
Syria has begun circulating redesigned banknotes, removing two zeros from the old currency to stabilize the economy and rebrand the nation. The move follows years of economic decline and recent political changes, with new notes featuring agricultural symbols and no political images. The currency reform aims to simplify transactions and support economic recovery.
What's behind the headline?
The currency redenomination signifies Syria's attempt to shed its turbulent past and project a new national identity. Removing images of political leaders and replacing old banknotes with agricultural symbols aims to foster a sense of stability and economic renewal. However, the move does not impact the currency's actual value, which remains fragile amid ongoing security and economic challenges. The recent lifting of sanctions and foreign investments are positive signs, but the economy's recovery will depend on broader stability and effective implementation of reforms. The currency change is a symbolic step that may help restore confidence, but substantial economic growth will require addressing security concerns and rebuilding infrastructure.
What the papers say
Al Jazeera highlights the symbolic nature of the new banknotes and the political message behind the redesign, emphasizing the move as a break from past authoritarian imagery. The New Arab and AP News detail the technical aspects of the redenomination process, including the timetable for phasing out old notes and the exchange rates, and note the broader context of political change following the end of Assad's rule. All sources agree that the currency reform is part of Syria's broader efforts to recover economically and politically, though the actual impact remains uncertain amid ongoing instability.
How we got here
Since the start of the civil war in 2011, Syria's currency has collapsed, with the pound losing significant value against the dollar. Recent political shifts, including the end of Assad's rule in December 2024, have prompted efforts to stabilize the economy. The new currency, unveiled in late December 2025, is part of broader reforms supported by the lifting of sanctions and foreign investments.
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Common question
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Why Is Syria Changing Its Currency Now?
Syria has recently introduced a new currency that removes zeros from its old notes, aiming to stabilize its economy after years of conflict and sanctions. Many wonder what prompted this change and what it means for everyday Syrians. Below, we explore the reasons behind Syria's currency reform, how it impacts the economy, and what the future might hold.
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Stay updated with the top headlines making waves around the world today. From major political shifts in Venezuela to key developments in African football and Syria's economic reforms, these stories are shaping global conversations. Curious about how these events might affect international relations, local economies, or sports standings? Keep reading for clear, concise answers to your most pressing questions.
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Why Did Syria Redesign Its Currency?
Syria has recently introduced new banknotes, removing zeros from its old currency to help stabilize the economy and signal political change. This move raises questions about the reasons behind the redesign, what it means for everyday transactions, and its broader political significance. Below, we explore the key aspects of Syria's currency reform and what it could mean for the country's future.
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The Syrian pound or Syrian lira is the national currency of Syria and is issued by the Central Bank of Syria. The pound is subdivided into 100 piastres, although piastre coins are no longer issued. The ISO code for the Syrian pound is SYP.
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Bashar Hafez al-Assad is a Syrian politician who has been the President of Syria since 17 July 2000. In addition, he is commander-in-chief of the Syrian Armed Forces and Regional Secretary of the Arab Socialist Ba'ath Party's branch in Syria.