Syrian Arab News Agency S A N A
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Damascus, SANA- The Central Bank of Syria “CBS” Governor Adib Mayyaleh said Sunday that there are no economic requirements or justifications to issue a banknote of SYP 2,000, reiterating his call upon citizens to cooperate with the CBS to preserve the newly issued banknotes and ensure their sustainability as long as possible because the cost of printing them is very high.
In a press conference held at CBS headquarters, Mayyaleh stressed that issuing the new banknote of SYP 1,000 came in the framework of the process of making a significant modification on the Syrian banknotes which started in 2010 during which new banknotes of SYP 50, 100, 200, 500 and 1.000 were issued.
He indicated that for the first time issuing the new banknotes in Syria took into consideration the consistency in the shape of the series of banknotes.
He reiterated the new banknotes put into circulation will not affect inflation or currency exchange rates as they replace worn-out banknotes, clarifying that all worn-out banknotes have been withdrawn over the past few years.
Since its inception, the CBS issued the first Syrian banknotes of SYP 5, 10, 25, 50, 100 and 500 in 1958 on which there were graphics that were as symbols referring to the workers, cotton, Zenobia, Ugarit, Ras Shamra and Palmyra.
R.J/ Barry
