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As of today, the Central Bank puts the new cash denomination of 5,000 Syrian pounds into circulation

2021-01-24T11:25:35.309Z

Damascus-SANA The Central Bank of Syria announced the launch of the new cash denomination of 5,000 Syrian Pounds in circulation alongside



Damascus-Sana

The Central Bank of Syria announced the launch of the new cash category of 5,000 Syrian Pounds in circulation along with the rest of the cash denominations currently in circulation, starting from the date of the 24th of January, indicating that the time has become appropriate for that according to the current economic variables.

In a statement, SANA received a copy of it, the Central Bank clarified that offering the 5000 lira category in circulation comes from its role in following up the market and securing its needs from all denominations of banknotes and based on studies it carried out in previous years and its development of a plan to secure the needs of cash circulation from all categories where the need appears For a class of cash larger than the current in circulation denominations with a value commensurate with the needs of cash trading.

The Central Bank pointed out that two years ago, it printed the 5,000 Syrian Pounds denomination banknotes to meet the expectations of the actual trading needs of the banknotes in a way that ensures facilitating cash transactions, reducing their costs and contributing to facing the effects of inflation that occurred during the past years in addition to reducing the intensity of dealing in banknotes due to the high Prices during the war years, the unilateral coercive economic measures imposed on Syria, and the gradual disposal of damaged banknotes, especially since the wear and tear has increased recently.

The Central indicated that it is working in parallel to find solutions for money of various categories by working on preparing the necessary structures for electronic payment processes in coordination with the concerned authorities.

The central stated that the 5,000-Lebanese-pound banknotes have, like their predecessors, high security advantages that are difficult to forge or forge and are easy to distinguish through "an infinite print that gives the paper a distinct roughness, including the denomination number, inscriptions, signatures, and a sign for the blind on the edge of each display of the banknote" and " A star-shaped mark at the bottom left of the paper appears in a uniform color when looking at the paper directly, and the class number 5000 appears in multiple colors when you fold the paper.

Al-Markazi added that the 5,000-Syrian Pound denomination is also easy to distinguish through “a star-shaped sign that completes its features on both sides of the paper when looking at the paper through light and a number 5,000 printed with visual color-changing ink with a kinetic effect that ripples vertically in a golden color with a light green background. The corrugation appears in the middle of the denomination number if you look at it directly and when the banknote is tilted, this corrugation moves up and down from the middle of the denomination number.

It is also easy to distinguish the 5,000-liras denomination according to the centrality through the presence of “microscopic perforation of the number 5000 on the back side of the paper that appears vertically in the center of the left side of the paper when looking at it against the light” and through “the watermark image of the punishment is the logo of the Syrian Arab Republic and the number of the two categories. They appear when looking at the paper against the light ”and also through“ a bright silver vertical strip with dynamic effects and contains writing for repeated CBS characters that move when the paper is tilted and when looking at the tape against the light appears the number 5000.

It is noteworthy that the Central Bank of Syria several years ago printed new banknotes and placed them in circulation in denominations of 50, 100, 200, 500, 1000 and 2000 Syrian pounds, as the 2000 Syrian Pounds denominations were printed in 2015 and were put into circulation in the second half of 2017 when The central touched the actual market need for the 2000 Syrian pound denomination.

 Wasim Al-Adawi

Source: sena

All business articles on 2021-01-24

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