AI Summary
Syria plans to issue new banknotes by removing two zeros from its currency to combat devaluation and restore public confidence. The Syrian pound has plummeted since the start of the conflict in 2011, losing over 99% of its value. The move aims to simplify transactions and improve monetary stability after the currency's collapse made daily life difficult. The central bank informed private banks of the plan in mid-August, with meetings chaired by Deputy Governor Mukhlis al-Nazer.
Read the original article
This article has been processed for multi-language support.
Embedded View
Related Articles
Fahmi: Bullying now a crime after Penal Code amendment; Cabinet to coordinate SOPs in upcoming retreat
Ringgit slips vs dollar before Powell’s Jackson Hole speech, climbs against Asean currencies
Mother says son, 10, trapped in ‘waking nightmare’ from brutal school bullying
Philippines and Australia team up on defence pact to counter China’s South China Sea moves