Syria Issues New Banknote to Counter Inflation

Date: 24 January 2021 - 21:22

News ID: ۸۶۸۴۹

DAMASCUS (Xinhua) – The Central Bank of Syria on Sunday issued a new financial note for 5,000 Syrian pounds as part of the measures to confront inflation, according to the bank statement. The new banknote was printed two years ago but was released to the public on Sunday as part of the efforts to fight inflation and secure the cash trading needs. "The Central Bank of Syria found that the time has become appropriate, according to the current economic variables, to introduce the new banknote,” the statement read. It’s the second banknote released during the nearly 10-year long war in Syria. In 2017, the Bank released a note for 2,000 Syrian pounds.