Syria to Introduce New Currency Starting January 1, 2026

Damascus has announced a significant shift in its monetary policy, with the Central Bank of Syria set to introduce a new national currency on January 1, 2026. This initiative will coincide with the commencement of a process to exchange existing currency notes, marking a pivotal moment in the nation’s economic landscape.

Details on the Currency Transition

Governor of the Central Bank, Abdul Qader Husrieh, revealed that a decree issued in 2025 grants permission for this launch. He described the introduction of the new currency as a turning point that signifies the start of a new economic and monetary phase for the country. The governor emphasized the importance of this initiative in revitalizing Syria’s economy.

According to the Syrian Arab News Agency, the presidential decree empowers the central bank to determine the timeline and locations for the exchange of the old currency. This broad authority aims to facilitate a smooth transition for citizens as they adapt to the new monetary system.

Implementation Plans and Public Communication

Husrieh indicated that the central bank will provide detailed instructions regarding the implementation process ahead of the launch date. He stressed the importance of making the exchange procedures as straightforward as possible for the public. This approach aims to minimize confusion and ensure that citizens can easily transition to the new currency.

The introduction of a new currency is a critical step for Syria, which has faced economic challenges in recent years. The government’s efforts to stabilize the economy through this monetary reform are closely watched by both local and international observers. With the central bank’s proactive measures, authorities hope to restore confidence among the populace and encourage greater economic activity.

As January 1, 2026 approaches, further information regarding the exchange process and additional guidelines will be released. This currency change could represent a vital opportunity for Syria to reshape its economic future and address ongoing financial issues.