"Can Syria's new banknotes help rebuild the economy?"
"The Syrian government will issue new banknotes and slash zeros from its depreciated currency in 2026."
"But will this financial reform strengthen the currency's value and help rebuild the economy?"
The government will issue new banknotes and remove zeros from the currency in 2026. Redenomination can simplify transactions, reduce cash handling costs, and signal a reset of monetary units. Redenomination alone will not stop inflation or restore purchasing power without credible monetary policy and fiscal discipline. Success depends on central bank credibility, exchange-rate management, rebuilding reserves, banking-sector reforms, and measures to attract investment and finance reconstruction. Remaining economic distortions, sanctions, black-market exchange rates, and public mistrust pose major risks. Coordinated domestic reforms and external assistance will determine whether the measure aids economic recovery.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]