Clarification | Rumors about the new Syrian currency
The Central Bank of Syria confirms that there is no truth to what is being circulated through some social media regarding the launch of any new digital currency or others, whether related to the Syrian pound or any other currencies.
The bank emphasizes that any activity or announcement related to the new currency or any new monetary or financial instruments can only be issued by the Central Bank of Syria exclusively and officially, through its approved channels.
The bank also urges citizens and media outlets to exercise accuracy and not to be swayed by rumors or unverified news, and to rely only on the official data issued by it concerning monetary and financial matters in the Syrian Arab Republic. #الجمهورية_العربية_السورية #مصرف_سورية_المركزي $BTC
Press statement issued by the Central Bank of Syria
The Central Bank of Syria confirms that it continues to implement its planned currency exchange strategy, in cooperation with all relevant authorities involved in the currency exchange process, and that work is ongoing according to the approved technical and administrative phases.
The bank emphasizes that it is the only official entity authorized to publish any information related to the new currency or the phases of its release, and it looks forward to announcing the details of the exchange process and all related information transparently on its official page.
The Central Bank of Syria notes that no final date has been set for the launch of the new currency, and any dates circulated through unofficial platforms are not accurate.
A delegation from the Central Bank of Syria visits the Banking Studies Institute and the Jordanian Fintech Academy in Amman
The Banking Studies Institute and the Jordanian Fintech Academy received a delegation from the Central Bank of Syria, which is on a study visit to the Central Bank of Jordan in Amman to learn about the Jordanian experience in developing institutional frameworks and enhancing regulatory and technical procedures in the banking sector.
The General Director of the Banking Studies Institute, Dr. "Riyad Al-Hindawi", welcomed the visiting delegation, affirming the institute's commitment to enhancing cooperation and exchanging expertise with Arab banking institutions. He explained that the institute continues its role in developing and qualifying banking staff through advanced training programs that meet the actual needs of the sector and align with the best global practices.
Tether, the largest issuer of stablecoins in the world, has achieved profits exceeding 10 billion dollars since the beginning of 2025, after issuing an additional 17 billion dollars worth of USDT during the third quarter, reflecting strong demand for the "digital dollar".
According to report estimates, the company's profits exceeded 4 billion dollars in the third quarter alone, after achieving 5.7 billion dollars in the first half of the year. Data from BDO shows that Tether now holds assets worth 135 billion dollars in U.S. Treasury bonds, 13 billion dollars in precious metals, and 10 billion dollars in Bitcoin.
Although Circle's USDC is experiencing faster growth, Tether confirms that it has surpassed the 500 million user mark globally, reinforcing its position as the strongest player in the stablecoin market.$ETH
US President Donald Trump hints at the possibility of appointing a new Federal Reserve Chair before the end of the year, succeeding Jerome Powell, in a move that could reshape US monetary policy and directly impact financial markets and the dollar in the upcoming period.$BTC $BNB
The institution has lowered its expectations for the price of gold to $3500 per ounce by the end of 2026, considering that recent increases have exceeded the "fair" value and may be subject to collapse.
To enhance the means of joint cooperation in the financial services sector, the Governor of the Central Bank of Syria, Dr. "Abdul Qadir Al-Hassria", held a meeting with the Governor of the Saudi Central Bank, "SAMA", Mr. "Ayman bin Mohammed Al-Sayari" on the sidelines of the Money20/20 Middle East conference held in Riyadh.
During the meeting, the two sides discussed a number of topics aimed at enhancing cooperation in areas including: the technical and training support from the Saudi Central Bank in banking supervision, financial technology, payments, and monetary policy, in addition to cooperation in organizing transfer operations and enhancing regulatory measures in the financial sector. The two sides also agreed to continue communication and future bilateral visits.
On another note, the Governor of the Central Bank of Syria, Dr. "Abdul Qadir Al-Hassria", held bilateral meetings with senior officials at a number of Saudi banks, during which areas of cooperation with the Saudi banking sector were discussed. $BTC #الجمهورية_العربية_السورية #مصرف_سورية_المركزي
Governor of the Central Bank of Syria Dr. "Abdul Qadir Al-Hosria":
As part of our ongoing efforts to develop the financial and banking system in Syria and to enhance citizens' confidence in the safety of their savings, I am pleased to announce the decision of the Central Bank of Syria to establish a deposit guarantee institution.
The establishment of this institution represents a strategic step aimed at:
- Protecting depositors' funds in Syrian banks within specific limits and regulations that ensure their reassurance about their savings.
- Enhancing financial stability, which positively reflects on the strength of the banking sector.
- Supporting public confidence in the Syrian banking system, which we consider a fundamental pillar for the economic recovery phase.
- Creating a favorable investment environment to attract local and foreign capital and to stimulate the return of financial remittances from Syrians abroad.
The deposit guarantee authority is not a temporary measure, but rather part of a broader vision for reforming the financial sector in Syria, based on:
- Updating banking legislation.
- Enhancing transparency and the independence of financial institutions.
- Building a modern financial safety net that aligns with international standards.
Completing the establishment procedures is another important step for the financial sector to be a fundamental supporter of rebuilding the national economy.
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