Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's central bank governor said more than 63 percent of old banknotes have been exchanged for the new currency nationwide, and gave holders until 31 July 2026 to swap the rest before old notes lose their place in circulation.
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The Finance Ministry cut the income-tax advance charged on importers of industrial inputs and foodstuffs to 1% from 2%, effective 1 June 2026. Imports valued under 100,000 new Syrian pounds are exempt.
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Al-Hasaka governorate expects about 600,000 tons of rain-fed barley this season, a yield farming officials call the strongest since the 1980s, with the crop set to ease pressure on Syria's livestock feed market.
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Prices for eggs, milk and several cheeses rose across Syrian markets after Eid al-Adha, with guaranteed Shallal cheese reaching 820 pounds a kilogram and fuel costs up more than 30 percent in recent weeks.
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Syria's central bank extended the deadline to swap old banknotes for the new currency by a further 30 days, running through the end of July 2026, citing steady progress in the nationwide exchange.
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An attack on the Damascus–Homs fiber-optic backbone cut internet across Homs, Aleppo, Hama and Tartous on 30 May 2026, leaving thousands of subscribers offline for about 16 hours before the link was restored.
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Executive instructions for Presidential Decree No. 68 are taking effect across health, higher education, and oversight bodies in Syria, with nursing staff and resident doctors reporting income gains aimed at curbing medical brain drain.
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Syria closed Spillway Gate 4 at the Euphrates dam, cutting water discharge to about 1,400 cubic meters per second as floodwaters began to recede in Raqqa and Deir ez-Zor on 30 May 2026 following coordination with Turkey to reduce upstream inflows.
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Syria's emergency minister reported on 29 May 2026 that the rising Euphrates has flooded about 5,000 dunams of farmland and affected 2,400 families, with one dam outlet to be closed on Saturday morning to lower water levels.
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The Ministry of Economy and Industry has dispatched 1,050 tons of flour to Deir ez-Zor to keep bakeries running after Euphrates flooding affected 2,400 families, with supplies drawn from reserves in Homs and Hama governorates.
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