Syria’s Central Bank Governor Unveils Design, Replacement Plan for New Currency

Abdelkader Al-Hosri, Governor of the Central Bank of Syria revealed the design features and phased rollout strategy of the country’s new currency during a televised interview on Q-News.

Al-Hosri emphasized that the new Syrian lira will not feature images of individuals or historical landmarks, a conscious decision aimed at avoiding divisive symbols.

“We want a currency that unites Syrians, not one that divides them,” Al-Hosri said. “The design is entirely Syrian-made and reflects a new visual identity that every citizen can be proud of.”

The Central Bank Governor confirmed that the design process is now in its final stages. Once completed, the designs will be handed over to specialized printing firms using state-of-the-art technology to bring the new notes into circulation.

“The Syrian lira is more than a means of exchange. It is a symbol of financial sovereignty and a cornerstone of Syria’s journey toward economic recovery,” Al-Hosri stated, adding that the redesign aims to embody the aspirations of the Syrian people for a better future.

Al-Hosri also outlined a comprehensive plan for replacing the old currency, which began months ago and includes the logistics of collecting and destroying outdated banknotes. The strategy follows a four-phase timeline, which will last up to five years, conducted exclusively through the Central Bank.

“We are proceeding with professional strategy. We understand the risks, but we refuse to let fear dictate our decisions,” Al-Hosri said. “Our institutions are capable, and we trust in their ability to implement this project successfully.”

To ensure a smooth transition, the Central Bank will launch an extensive public awareness campaign, including short videos explaining features of the new currency, the step-by-step exchange process, and the legal use and anti-counterfeit measures.

Traders will be required to display prices in both old and new currencies during the transition phase to prevent confusion and stabilize markets. Regulatory oversight will be intensified to ensure full compliance with the currency replacement guidelines.

Local banks have also been brought on board via operational and executive committees, tasked with coordinating the technical implementation of the rollout.

In a symbolic move, the Governor revealed that at least three denominations from the old currency carry imagery tied to previous political eras. The decision to remove them from circulation, he said, is part of Syria’s broader “financial liberation”, a natural follow-up to the country's evolving political landscape.

“This is not just an economic project, it is a national transformation,” Al-Hosri concluded.