Is Syria’s Economy Beginning To Stabilize?

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00:00Now, on the 1st of January, a new Syrian currency went into circulation,

00:05and now Bashar al-Assad's face is no longer on banknotes.

00:08There are also too fewer zeros on the banknotes than there were before.

00:14Do you view this as being a sign that life in Syria and the Syrian economy,

00:19things are beginning to stabilize?

00:21We hope that. Of course, it's a new era.

00:26And as you know, the Syrian, the old Syrian banknote is not useful for everyday activity in the marketing.

00:43So that's why it was a need to facilitate the movement of the banknote in the market.

00:56That's why the Syrian central bank was eager to issue a new banknote.

01:03But it's early or to link between the economic development and the enhancing of the Syrian economy with the banknote.

01:16Maybe it can be an introduction or the first step in the long path toward recovery, reconstruction, and economic development.

01:27Thank you very much.