Abdul Qader Al-Husria, Governor of the Central Bank of Syria, stated that the Central Bank of Syria has achieved a remarkable achievement in a short period regarding the process of replacing the old Syrian currency with the new one. He explained that the replacement rate reached 35% of the total old cash supply, which is estimated at 42 trillion old Syrian pounds, since the start of the process at the beginning of last January until now.
Al-Hosariyya pointed out that this high percentage reflects the sound executive path taken by the Central Bank of Syria, stressing the continuation of work with the same momentum to ensure the successful and effective completion of the process, in a way that serves the “higher national interest,” enhances “financial stability,” and supports the “economic recovery path.”
He added that more than 13 trillion old Syrian pounds were withdrawn and exchanged for the new currency, through branches of the Central Bank in various Syrian governorates. According to the Syrian News Agency, SANA, this amount that was exchanged represents part of the 42 trillion old Syrian pounds issued by the Central Bank in previous years.
