Currency

Tehran Shopkeepers Shut Stores Over Economic Hardship, Currency Volatility

Some shopkeepers in Tehran closed their stores on Monday in protest against economic hardships and sharp swings in Iran's embattled currency, Iranian media reported, following similar demonstrations a day earlier. State news agency IRNA said some shopkeepers and traders at Tehran's bazaar "have closed or partially closed their stores," adding ...

Syria to Start Replacing Currency from Jan 1: Central Bank Chief

Syria's central bank chief said Thursday that the country's currency would start to be replaced with a revamped version from January 1, as Damascus tries to relaunch its economy after emerging from the rule of ousted leader Bashar al-Assad last year. Improving the standing of the Syrian pound is among the greatest challenges for Syria's new ...

Central Bank Chief Says Syria Will Remove Two Zeros in Currency Revamp

Syria's central bank governor, Abdul Qadir al-Hasriya, said Monday that his country would change its currency by removing two zeros and printing new banknotes to replace those issued under ousted ruler Bashar al-Assad. Since the start of Syria's civil war in 2011, the pound has plunged from 50 to about 10,000-11,000 against the greenback, ...