Axar.az
UP
10 December 2018


Assad appears on Syrian currency for first time

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

President Bashar al-Assad has appeared on the Syrian currency for the first time, his portrait printed on a new 2,000-pound banknote that went into circulation on Sunday.

Axar.az reports citing Reuters.

Central bank governor Duraid Durgham said the 2,000-pound note was one of the several new notes printed years ago but the decision to put it into circulation was delayed "due to the circumstances of the war and exchange rate fluctuations".

The new note is equal to around $4 at current exchange rates. The currency has plunged in value since the conflict began in 2011, from 47 pounds to the dollar in 2010 to around 500 pounds to the dollar at present.

Citing wear and tear of the existing notes, Durgham said the time was right to put the new note into circulation, the state news agency SANA reported.

Previously, the highest denomination of Syrian banknote was 1,000 pounds. Assad's father, the late President Hafez al-Assad who died in 2000, appeared on coins and on an older version of the 1,000-pound note, which is still in circulation.

Durgham said the new note was put into circulation "in Damascus and a number of the provinces".

After years of war estimated to have killed hundreds of thousands of people, Assad appears militarily unassailable thanks in large part to direct military support from his allies Russia and Iran.

Date
2017.07.02 / 23:39
Author
Axar.az
Comments
See also

U.S. says March 1 'hard deadline' for trade deal with China

Investigation Committee receive reports on election irregularities

Macron to meet French unions, employers on Monday

Elections in Armenia continue at low turnout

FBI investigated four Americans Russia collusion suspicions

Church continues to take part in talks on release of Ukrainians detained

Number yellow vest rallies in France exceeds 1,700

Hong Kong, China bourses reach deal on dual-class shares

Iran moving forward with plan to use Caspian Sea

Macron to make 'important announcements' in coming week

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla