Damascus, Dec. 25 (SANA) First Deputy Governor of the Central Bank of Syria Mokhles Nazer said on Thursday that removing zeros from the new currency does not constitute a change in the Syrian pound’s purchasing power, but rather an attempt to restore it to its natural place in people’s lives and organize daily transactions so prices are clearer, calculations easier and confidence closer.
In a post on (X) Nazer said: “Today, in my capacity as First Deputy Governor of the Central Bank of Syria and a member of the team for the project to launch the new Syrian currency, I fully realize that this decision is not measured by calculations alone, but by what it means to every citizen who holds the currency in their hands and pins their hopes on it.”
Nazer said the new Syrian currency is neither a quick promise nor a magic solution, but a step on a long road toward rebuilding confidence, stressing that confidence is the foundation of any economy and any future.
He noted that a currency does not gain strength through design alone or administrative decisions only, but through stability, discipline and honesty with the public. He said work on the project is proceeding calmly, responsibly and in phases to ensure a smooth transition and to safeguard citizens’ rights, wages, savings and obligations without any infringement.
“We know the scale of the challenges, and we also know that Syrians deserve a currency that respects their hard work, patience and sacrifices. This is our responsibility at the Central Bank of Syria, and we will live up to it.” Nazer added.
Earlier today, Central Bank Governor Abdul Qader Husariya set Jan. 1, 2026, as the date for launching the new Syrian currency and starting the exchange of old notes, saying the process will be smooth and organized and that its mechanism will be explained with full clarity and transparency.
