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Syria Introduces New Currency to Stabilize Economy

1/3/2026

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Summary

Story summary

Syria began circulating new currency bills on January 3, 2026 to stabilize its economy.
President Ahmad al-Sharaa issued a decree to gradually withdraw the old currency.
The central bank oversees the exchange.
The largest old denomination, 5,000 pounds, is replaced by a 500-pound note.
100 old pounds equal one new pound.

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Story summary

Syria began circulating new currency bills on January 3, 2026 to stabilize its economy.
President Ahmad al-Sharaa issued a decree to gradually withdraw the old currency.
The central bank oversees the exchange.
The largest old denomination, 5,000 pounds, is replaced by a 500-pound note.
100 old pounds equal one new pound.