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Reuters: Syria Plans to Print Currency in UAE and Germany, Ending Russian Role

Syria intends to have its redesigned currency produced in the UAE and Germany rather than Russia, according to a Reuters report from Damascus dated May 16.
This shift follows easing of EU sanctions in February and the fall of Bashar al-Assad in December 2024, with the new leadership seeking closer ties with Arab and Western countries.
Syrian officials are currently engaged in detailed discussions with Oumolat, a company based in the UAE, regarding a currency printing agreement, while German firms Bundesdruckerei and Giesecke+Devrient have also expressed interest in producing the currency.
The new currency redesign will remove Assad’s image from the purple-hued Syrian pound, which faces shortages amid Syria’s 13-year-war-devastated economy.
This currency-printing change signals Damascus’s move to reduce reliance on Russia, coinciding with an $800 million deal with the UAE to develop Tartus port and improved regional relations.

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Haaretz

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Syria plans to print currency in United Arab Emirates and Germany, ending Russia's role

Syria's new rulers maintained ties with Russia even after Assad flew to Moscow, causing EU states seeking to limit Russia's influence amid the war in Ukraine discomfort. In February, the EU suspended sanctions on Syria, allowing currency printing

10 hours ago·Tel Aviv-Yafo, Israel

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censor.net

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Syria Plans to Print a New Currency in the UAE and Germany Instead of the Russian Federation,

The new Syrian government plans to print its own currency of a new design in the UAE and Germany instead of Russia, indicating a rapid improvement in ties with Arab and Western countries.

1 day ago

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Spiegel

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Syria Could Apparently Also Print New Banknotes in Germany

As a result of the regime's collapse, Bashar al-Assad is supposed to disappear from the Syrian banknotes. For years, the banknotes were printed by the ally of Russia.

1 day ago·Germany

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Protothema

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Syria Ends Relations with Russia - Plans to Print New Currency in the United Arab Emirates and Germany

Syria to remove face of former leader Bashar al-Assad from some banknotes

1 day ago

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www.t-online.de

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Away with Assad: Syria Wants New Banknotes to Be Printed in Germany

The overthrown dictator Assad can still be seen on Syrian banknotes. At the planned new beginning, the German federal printing company could be involved.

1 day ago

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