Syria’s old Assad-era banknotes lose legal tender status in currency overhaul

LONDON: Syria’s old banknotes, bearing the image of ousted President Bashar Assad, lost their status as legal tender on Thursday, closing a monthslong exchange window that the Central Bank of Syria says has already pulled roughly 80 percent of the old currency out of circulation since January. The bank ended speculation over a possible further extension on Sunday, confirming that old notes would become invalid for circulation starting July 31.

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