Syria begins circulating new post-Assad currency bills

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A Syrian citizen exchanges old banknotes for new banknotes released and distributed by the Central Bank, at a money exchange in the capital Damascus on Saturday. (AFP)
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A man displays 500, and 200-pound notes from Syria's newly circulating currency outside a currency exchange office in Damascus. (AP)
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A Syrian citizen shows off a new banknote released and distributed by the Central Bank, in the capital Damascus on Saturday. (AFP)
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Updated 03 January 2026
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Syria begins circulating new post-Assad currency bills

  • Presidential decree said new Syrian currency will be issued by removing two zeros from the nominal value of the old currency
  • Central Bank govenor says Syrians can now exchange old Syrian pounds with new banknotes

DAMASCUS, Syria: Syria started the process of circulating new currency bills on Saturday as the nation seeks to stabilize the economy as it recovers from the fall of Bashar Assad’s government.
A decree issued earlier this week by President Ahmad Al-Sharaa said that “old Syrian currency” will be gradually withdrawn from circulation according to a timetable set by the central bank and through designated exchange centers.
Central Bank Governor Mokhles Nazer posted on X that after months of preparations, the exchange of old Syrian pounds with new banknotes officially began Saturday morning.




A Syrian citizen shows off a new banknote released and distributed by the Central Bank, in the capital Damascus on Saturday. (AFP)

The presidential decree posted on the SANA state news agency stipulates that “new Syrian currency” will be issued by removing two zeros from the nominal value of the old currency. It means every 100 Syrian pounds of the old currency will now equate to one Syrian pound.
The largest denomination of the old currency was 5,000 Syrian pound, while under the new currency it is 500 pounds.
The US dollar was selling at exchange shops in Damascus on Saturday for 11,800 pounds for the old banknotes, some of which bear the images of Assad and his late father and predecessor, Hafez Assad.
At the start of Syria’s conflict in mid-March 2011, the US dollar was worth 47 Syrian pounds.
Since insurgent groups led by Al-Sharaa’s Hayat Tahrir Al-Sham marched into Damascus in December 2024 to end the Assad family’s 54-year rule, work has been ongoing by the country’s new authorities to improve the economy battered by years of war and Western sanctions.
The US and the European Union have removed most of the sanctions imposed on Syria during Assad’s rule.


Fledgling radio station aims to be ‘voice of the people’ in Gaza

Updated 15 February 2026
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Fledgling radio station aims to be ‘voice of the people’ in Gaza

  • The electricity crisis is one of the most serious and difficult problems in the Gaza Strip, says Shereen Khalifa Broadcaster

DEIR EL-BALAH: From a small studio in the central city of Deir El-Balah, Sylvia Hassan’s voice echoes across the Gaza Strip, broadcast on one of the Palestinian territory’s first radio stations to hit the airwaves after two years of war.

Hassan, a radio host on fledgling station “Here Gaza,” delivers her broadcast from a well-lit room, as members of the technical team check levels and mix backing tracks on a sound deck. “This radio station was a dream we worked to achieve for many long months and sometimes without sleep,” Hassan said.

“It was a challenge for us, and a story of resilience.”

Hassan said the station would focus on social issues and the humanitarian situation in Gaza, which remains grave in the territory despite a US-brokered ceasefire between Israel and Hamas since October.

“The radio station’s goal is to be the voice of the people in the Gaza Strip and to express their problems and suffering, especially after the war,” said Shereen Khalifa, part of the broadcasting team.

“There are many issues that people need to voice.” Most of Gaza’s population of more than 2 million people were displaced at least once during the gruelling war.

Many still live in tents with little or no sanitation.

The war also decimated Gaza’s telecommunications and electricity infrastructure, compounding the challenges in reviving the territory’s local media landscape. “The electricity problem is one of the most serious and difficult problems in the Gaza Strip,” said Khalifa.

“We have solar power, but sometimes it doesn’t work well, so we have to rely on an external generator,” she added.

The station’s launch is funded by the EU and overseen by Filastiniyat, an organization that supports Palestinian women journalists, and the media center at the An-Najah National University in Nablus, in the occupied West Bank.

The station plans to broadcast for two hours per day from Gaza and for longer from Nablus. It is available on FM and online.

Khalifa said that stable internet access had been one of the biggest obstacles in setting up the station, but that it was now broadcasting uninterrupted audio.

The Gaza Strip, a tiny territory surrounded by Israel, Egypt, and the Mediterranean Sea, has been under Israeli blockade even before the attack on Oct. 7, 2023, which sparked the war. Despite the ceasefire, Israel continues to strictly control the entry of all goods and people to the territory.

“Under the siege, it is natural that modern equipment necessary for radio broadcasting cannot enter, so we have made the most of what is available,” she said.