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CB of Syria puts into circulation new 1000-Pound note

The Central Bank of Syria has put into circulation a new 1000-Pound banknote, one that doesn't include the image of President Bashar Assad's father and the country's former president, Hafez Assad.

Governor Adib Mayaleh says the move is part of efforts to improve the paper currency in circulation. The new note started circulating on June 30, 2015.

Mayaleh insists the new banknote will not affect the rate of inflation but that it will simply replace 70 billion worn-out banknotes that are being withdrawn.

Instead of the late president's image, the new note depicts an ancient Roman theater in southern Deraa province.

New 1000-Pound notes were printed in Russia by Goznak.