Central Bank: Syria's new banknotes devoid of images and symbols

The Governor of the Central Bank of Syria, Abdul Qadir al-Hasriya, revealed the imminent issuance of a new Syrian currency consisting of six different denominations. He noted that the new design will be free of traditional images and symbols, a move aimed at simplifying the currency's appearance and enhancing its reliability, in line with the global trend toward clean, abstract designs.

In a statement to SANA, al-Hasriya explained that the new denominations will include small, medium, and large denominations to meet the daily trading needs of Syrian markets more efficiently. He confirmed that the bank will announce the exact values ​​and final designs for each denomination later after completing the technical and security procedures for printing and issuance.

The Governor added that "the work to issue a currency free of symbols or images reflects a modern trend in the world of monetary design, focusing on clarity and simplicity, and expressing transparency and confidence in the financial system." He noted that the new identity will focus on digital and practical aspects rather than symbolic or historical ones.

Al-Hasriya explained that this step is not merely a replacement of existing banknotes, but rather a comprehensive update of the monetary structure that reflects modernity and economic stability. He emphasized that the Central Bank will accompany the issuance process with precise measures to control liquidity and maintain price stability, thus preventing any inflationary effects or market speculation.

He pointed out that the launch of the new currency will contribute to addressing part of the liquidity shortage problem by replacing damaged banknotes and injecting new, higher-quality banknotes. He emphasized that the process "aims to modernize, not increase the money supply."

The Governor concluded that the expected benefits of this step include enhancing confidence in the national currency, facilitating cash transactions, reducing future printing costs, and supporting economic activity and stabilizing the exchange rate in the medium term.