Documents Related to Economic and Financial Affairs

28-12-2016

ISIS established its own currency and banned the use of all others.
This circular is titled “Mechanism of Prosecution for the New Syrian Currency.”
It lists the penalties for those caught using Syrian 500 and 1000-pound banknotes. It specifies that such notes must not be used in exchange offices, given to goldsmiths or shop owners, or traded between members of the public.
It determines penalties as follows: if the amount seized is less than 5000 pounds, and if it is a first-time offense, the violator is cautioned and ordered to sign a written pledge.
For a second offense, or if over 5000 pounds is seized, the offender is referred to the Economic Security Office.