A redenominated Syrian pound could do more than simplify transactions. It might help the Central Bank track large cash holdings in the old currency, demand proof for high-value exchanges for exchanging with new ones, and block funds with no clear origin.
But success depends on strict enforcement and the strength of the regulatory framework. Without clear legal safeguards and public messaging, Syria could face confusion, market volatility, or outright policy failure like India’s 2016 failed experiment.
Our article examines how currency reform can support transparency, and what Syria must get right to avoid repeating others’ mistakes.
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