The notes are the first time Syria will depict President Bashar Assad on its currency since he took office 17 years ago.
Assad's face appears on the new banknotes at a time when his government is boasting military successes against the armed rebellion across the country. The currency previously only carried images of historic icons or pictures of his father, Hafez Assad.
Central Bank Governor Duraid Durgham said the new bank notes will go into circulation starting Sunday "due to the wear and tear" affecting currency currently in circulation.
Inflation has also soared, reaching an all-time high in 2013, at over 120 percent. Estimates in 2016 put the inflation rate at 50 percent.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app