The Central Bank of Syria Denies Rumors of Launching a Digital Currency and Confirms Details of the New Currency
December 14, 20251210 ViewsRead Time: 2 Minutes
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The Central Bank of Syria has resolved the ongoing debate regarding the launch of any new digital currency, firmly denying what is being circulated on social media.
The bank clarified that any announcement related to the issuance of a new currency or financial instruments in Syria will only be made officially through its accredited channels, urging citizens and media outlets to exercise caution and rely solely on official data, according to the Syrian news agency "SANA".
Official Currencies and Currency Exchange Plan
The bank noted the continuation of the currency exchange plan in cooperation with the relevant authorities, emphasizing that no final date has been set for the issuance of the new currency, and that any unofficial information is baseless.
This announcement comes at a time when unconfirmed news about digital currencies is circulating on digital platforms, prompting the central bank to clarify the official facts.
Features of the New Syrian Currency
The Governor of the Central Bank of Syria, Abdul Qadir Al-Hosriya, revealed the main features of the new currency, confirming that it will see the removal of two zeros from its nominal value, in a move aimed at simplifying cash transactions and enhancing trust in the local lira.
He explained that the new currency will be issued in six denominations to meet daily trading needs, with printing done by multiple entities to ensure quality, security, and speed of issuance, and the gradual withdrawal of old denominations from the market.
Ensuring Market Stability and Liquidity
Al-Hosriya indicated that the bank will accompany the launch of the new currency with measures to control liquidity and maintain price stability, including monitoring the cash market, regulating the money supply, and activating monetary policy tools to prevent inflation or speculation resulting from the issuance of the new denominations.
The bank confirmed that these steps aim to ensure smooth and secure cash transactions and to enhance trust in the local currency among citizens and markets.
The bank clarified that any announcement related to the issuance of a new currency or financial instruments in Syria will only be made officially through its accredited channels, urging citizens and media outlets to exercise caution and rely solely on official data, according to the Syrian news agency "SANA".
Official Currencies and Currency Exchange Plan
The bank noted the continuation of the currency exchange plan in cooperation with the relevant authorities, emphasizing that no final date has been set for the issuance of the new currency, and that any unofficial information is baseless.
This announcement comes at a time when unconfirmed news about digital currencies is circulating on digital platforms, prompting the central bank to clarify the official facts.
Features of the New Syrian Currency
The Governor of the Central Bank of Syria, Abdul Qadir Al-Hosriya, revealed the main features of the new currency, confirming that it will see the removal of two zeros from its nominal value, in a move aimed at simplifying cash transactions and enhancing trust in the local lira.
He explained that the new currency will be issued in six denominations to meet daily trading needs, with printing done by multiple entities to ensure quality, security, and speed of issuance, and the gradual withdrawal of old denominations from the market.
Ensuring Market Stability and Liquidity
Al-Hosriya indicated that the bank will accompany the launch of the new currency with measures to control liquidity and maintain price stability, including monitoring the cash market, regulating the money supply, and activating monetary policy tools to prevent inflation or speculation resulting from the issuance of the new denominations.
The bank confirmed that these steps aim to ensure smooth and secure cash transactions and to enhance trust in the local currency among citizens and markets.
