Damascus, June 1 (SANA) Central Bank Governor Mohammed Safwat Raslan said more than 63 per cent of Syria’s nationwide currency replacement process has been completed, describing the figure as a positive indicator of public cooperation and the effectiveness of the operation.
In a post on X on Sunday, Raslan said the Central Bank had decided to extend the deadline for exchanging old banknotes by 30 days, from July 1 to July 31, 2026.
The extension provides a final opportunity for individuals who have not yet exchanged their old banknotes to do so.
Raslan said the replacement of old banknotes with the new Syrian pound had yielded positive results and recorded a high participation rate across the country.
He urged banks, exchange companies and money transfer firms not to recirculate old banknotes during the remaining exchange period and to provide customers exclusively with the new Syrian pound for cash withdrawals, exchange transactions and cash payments.
Raslan reaffirmed the Central Bank’s commitment to supplying sufficient quantities of the new currency to meet the needs of citizens and the financial sector and to ensure that the new Syrian pound becomes the sole currency in circulation after the exchange period ends.
The decision applies to licensed banks, exchange companies and money transfer firms authorized to replace all denominations of old banknotes.
Syria launched its nationwide currency replacement process on January 1, 2026, under a Central Bank of Syria plan to exchange old banknotes for newly issued Syrian pound notes through licensed banks, exchange companies and money transfer firms across the country.
R.H/Abd
