Syria has announced a significant economic reform: the revaluation of its currency by removing two zeros from the Syrian pound, set to take effect with new banknotes issued in December.
This move, aimed at restoring public confidence in a currency that has lost over 99% of its value since the onset of the civil war in 2011, marks a critical effort to address the country’s deep-seated financial instability. As Syria navigates a post-conflict landscape following the ouster of President Bashar al-Assad in December 2024, this currency overhaul carries both practical and symbolic weight, signaling a break from decades of economic and political turmoil.
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Source: https://www.bbntimes.com/financial/syria-s-currency-revaluation-damascus-plans-to-revalue-its-currency-by-removing-two-zeros-to-stabilize-its-economy
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