Bank Governor: Pound Note

bank governor: The new note is equal to around 4 at current exchange rates, according to The Japan Times. The currency has plunged in value since the conflict began in 2011, from 47 pounds to the dollar in 2010 to around 500 pounds to the dollar at present. Central bank governor, Duraid Durgham, said the 2,000-pound note was one of several new notes printed years ago but the decision to put it into circulation was delayed due to the circumstances of the war and exchange rate fluctuations. Citing wear and tear of the existing notes, Durgham said the time was right to put the new note into circulation, the state news agency SANA reported. Assad's father, the late President Hafez al-Assad, who died in 2000, appeared on coins and on an older version of the 1,000 pound note, which is still in circulation. Previously, the highest denomination of Syrian banknote was 1,000 pounds. (news.financializer.com). As reported in the news.