Syria Prepares to Launch a New Currency with Contemporary Design and Advanced Security Features

Governor of the Central Bank of Syria, Abdel Qader Al-Hosariyah, announced that the new Syrian currency will be issued in six different denominations and will be free of images and symbols. He emphasized that the new design aims to be clearer and easier to verify, aligning with the global trend towards simple and abstract design.

In a special statement to the Syrian Arab News Agency (SANA), Al-Hosariyah explained that the new denominations will be categorized into small, medium, and large to better meet the needs of daily transactions. He noted that the bank will later announce detailed information about each denomination regarding value, size, and design after completing the technical and security printing procedures.

Al-Hosariyah clarified that the decision to avoid using symbols, images of people, or historical landmarks in the new currency’s design is part of a modern approach focusing on the digital identity of the currency and transparency in the monetary system. He added that the new currency “will not be just numbers but will carry a contemporary national identity reflecting modernity and economic stability.”

He also explained that the rollout of the new currency will be accompanied by measures to regulate liquidity and maintain price stability, through monitoring the money supply and activating monetary policy tools, to prevent inflationary pressures or speculation.

The governor pointed out that this step will help address part of the liquidity shortage by replacing damaged banknotes with new, higher quality and more durable notes. He stressed that the goal is “to modernize the currency, not to expand the money supply.”

Al-Hosariyah added that launching the new currency has several advantages, including enhancing confidence in the Syrian pound, improving cash transaction efficiency, reducing future printing costs, and supporting economic activity. He confirmed that these measures “will contribute in the medium term to strengthening exchange rate stability and boosting confidence in the national monetary policy.”