New SYP500 banknotes released

GMT 08:34 2014 Tuesday ,22 July

Arab Today, arab today New SYP500 banknotes released

Syrian pounds
Damascus - SANA

The Central Bank of Syria (CBS) put in circulation the new banknotes of 500 Syrian pounds on Sunday, only to be dispersed early next month.
Governor of the bank Adib Mayala said with the new notes released, the old notes will be gradually withdrawn from the market so as to avoid disruption in exchange rate and inflation rate.
The new banknotes, Mayala noted, is different in color, size and the printed figures, with pictures of the Syrian Opera House and a mosaic of the first music note in the world are painted on them.
What characterizes the new banknotes in terms of security is the high-precision micro-perforation featuring 500 SYP that becomes quite visible when the banknotes are viewed through light.
Another notable characteristic is that of flexographic presses that enable people with special needs to recognize the banknotes.
Governor Mayala pointed out that Syria does not have the ability to print the new banknotes, revealing that a new issue of the 1000 banknote will be produced in two months.

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