{"id":210951,"date":"2025-12-25T23:26:07","date_gmt":"2025-12-25T23:26:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/210951\/"},"modified":"2025-12-25T23:26:07","modified_gmt":"2025-12-25T23:26:07","slug":"syria-to-start-currency-swap-on-january-1st-central-bank-governor-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/210951\/","title":{"rendered":"Syria to start currency swap on January 1st, central bank governor says"},"content":{"rendered":"<p>Syria \u200bwill start swapping old banknotes for new ones under a \u200dplan to replace Assad-era notes starting from January 1st, 2026, \u200dCentral Bank Governor Abdelkader Husrieh said on Thursday.<\/p>\n<p>Husrieh announced the introduction of the new Syrian currency, saying the decree &#8220;sets \u200cJanuary 1st, 2026, as the start date for the \u2060exchange process&#8221;. Sources familiar with the matter told \u200cReuters \u200bin \u200dAugust that the country will issue new banknotes, removing two zeros from its currency in an attempt to restore \u2060public confidence in the severely devalued pound.<\/p>\n<p>The \u2060step is intended to strengthen \u2060the Syrian pound after its purchasing power collapsed to record lows following \u200da 14-year conflict that ended with President Bashar al-Assad&#8217;s ouster in December.<\/p>\n<p>Husrieh said the operation will take place through a smooth and orderly swap &#8211; a move bankers hope will ease fears that the new \u200ccurrency could fuel \u200cinflation and further erode the purchasing power of Syrians already reeling from high \u200cprices.<\/p>\n<p>He added that a press conference will soon outline \u2060the exact regulations and mechanisms.<\/p>\n","protected":false},"excerpt":{"rendered":"Syria \u200bwill start swapping old banknotes for new ones under a \u200dplan to replace Assad-era notes starting from&hellip;\n","protected":false},"author":2,"featured_media":210952,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-210951","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/210951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=210951"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/210951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/210952"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=210951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=210951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=210951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}