Syrian Central Bank Extends Timeline for Withdrawing Old Currency

The Central Bank of Syria has extended the deadline for citizens to exchange old Syrian pound banknotes for new currency to a period of five years, according to reporting by Enab Baladi.

The Central Bank of Syria is expanding the available service points for citizens to exchange their currency, according to reports from Akhbar Al-Youm.

Central Bank of Syria adjusts currency withdrawal timeline

According to Enab Baladi, the bank is retreating from more aggressive timelines previously considered for the removal of old notes from the economy.

The bank has clarified the specific mechanisms for how old currency will be withdrawn and replaced, as reported by Erem Business.

Expansion of exchange points in eastern governorates

Separate government denials regarding Damascus Citadel

In a separate development, the Syrian Directorate-General of Antiquities and Museums has denied reports that the Damascus Citadel is being converted into restaurants and cafes, according to Verify-Sy.

The agency issued the denial to clarify the status of the historic site and reject claims that the citadel’s archaeological integrity was being compromised for commercial hospitality purposes.