Syrian economic experts have affirmed that the decision to issue a new Syrian currency, removing two zeros from banknotes, is part of a broader strategy to strengthen monetary stability, restore confidence in the Syrian pound, and facilitate financial transactions for citizens. The move is seen as a critical step toward stabilizing the economy after years of financial challenges and disruption.
Younes Al Karim, Executive Director of the Eqtisadi platform, emphasized that the success of the new currency depends not only on direct monetary measures but also on supporting structural factors such as financial coordination and international backing. He noted that depositing funds and providing financial support from friendly countries through the Central Bank of Syria could significantly enhance the new currency’s circulation and market presence.
Al Karim also highlighted the importance of engagement from major investors and large companies, suggesting that their use of the Syrian pound in investment operations would provide tangible support for the new issuance and reinforce confidence in the currency. He stressed that the Central Bank of Syria has a limited window to consolidate trust, beginning with the announcement of a clear monetary policy framework, including the currency issuance decree and implementing regulations.
Public awareness campaigns and expert dialogue are also critical, according to Al Karim. He recommended educating citizens on handling the new currency, security features to prevent counterfeiting, and mechanisms for preserving the value of savings during the transition. Ensuring the Central Bank’s neutrality from fiscal pressures and strengthening coordination with ministries of finance, economy, and investment bodies are essential for aligning monetary, fiscal, and economic policies.
He further noted that controlling monetary flows, preventing speculation, and reactivating the banking sector are key to circulating the new currency quickly, removing old banknotes, and maintaining liquidity. Transparency and strict oversight by the central bank throughout the replacement process were highlighted as crucial for operational success.
Dr. Mohammed Al Jashi, Head of the Finance and Banking Department at the Syrian Arab International University, described the new currency as a significant indicator of economic recovery and a positive signal for foreign investors. He noted political implications, including the removal of former regime symbols from banknotes, while acknowledging practical challenges, such as managing dual circulation, damaged banking infrastructure, and public trust in financial institutions.
Al Jashi emphasized that the pound’s value depends on production, investment, exports, and imports, and that removing zeros is primarily a mathematical adjustment. Strengthening confidence requires controlling currency fluctuations, maintaining monetary stability, reducing reliance on the dollar, and monitoring black market activity.
Economic researcher Mahmoud Khalil added that market confidence is the most critical factor for exchange-rate stability. While minor inflation may occur due to price rounding, government oversight and economic reforms supporting local production and consumer protection are essential for ensuring the new currency’s effectiveness. Khalil also stressed the importance of sufficient liquidity, functional banking and technical infrastructure, and secure electronic payment systems during the transition, along with careful monitoring of pricing and adherence to the 90-day exchange period.
Experts agreed that the successful issuance of the new Syrian currency requires organized planning, strong institutions, specialized teams, and rigorous oversight at every stage, from production to circulation. When effectively managed, these measures are expected to strengthen monetary and economic stability and restore confidence in the Syrian pound.
