All the Banks in Syria will be closed for a week in preparation for launching the new currency
Syrian sources reported that it has been decided to close all public and private banks in the country during the period from December 27, 2025 to January 2, 2026, as part of the preparations for the Syrian currency exchange process.
Syrian sources said that the injection of the new currency in the markets will start from January 4, 2026.
Reports revealed in August 2025 that the Syrian government and the Russian money printing company Gosznak had agreed to produce new banknotes and launch them in conjunction with the first anniversary of the overthrow of former President Bashar al Assad.
The plan includes the issuance of a new currency with two zeros removed from its face value, in an attempt to restore confidence in the Syrian pound, which has declined sharply during the years of crisis.
The move aims to boost monetary stability after a 14-year crisis, while the final form of the new currency hasn’t yet been revealed, but it will certainly not carry pictures of people, but will include Syrian national landmarks.
It’s noteworthy that the Syrian pound has lost a large part of its value since 2011, as the exchange rate has now reached about 10,000 pounds to one dollar, compared to about 50 pounds before the outbreak of the crisis, which has negatively reflected on the daily transactions and financial transfers of citizens.
