Damascus: Syrian President Ahmad Al Sharaa affirmed that economic growth depends on higher production, lower unemployment, and a stable banking sector. This came during the official launch of the new currency on Monday, where he said that removing zeros from the old currency does not itself improve the economy, yet it simplifies trade, reduces dependence on foreign currencies, and restores confidence in the Syrian pound.

According to Qatar News Agency, Al Sharaa pointed out that the Central Bank of Syria will gradually exchange the old banknotes according to a structured timeline.