Accounting and Digital Transformation Implications of Syria’s 2026 Currency Redenomination

Abstract

This article examines the accounting and digital transformation implications of Syria’s 2026 currency redenomination, introduced at a 100:1 conversion rate amid prolonged inflation, severe currency depreciation, institutional constraints, and a large informal economy. Drawing on comparative experiences from Turkey, Brazil, and Zimbabwe, the study distinguishes redenomination from inflation stabilization and inflation accounting, emphasizing that currency replacement alone cannot restore monetary stability without broader fiscal and monetary reforms. Particular attention is given to three interconnected areas: accounting adaptation, including IAS 29, asset revaluation, and financial-statement restatement; the digital readiness of financial infrastructure; and the psychological and communication dimensions of reform. The article proposes an integrated framework linking redenomination, accounting adaptation, and digital financial infrastructure. Its main contribution is to conceptualize currency reform as a coordinated three-part system—denomination, accounting, and digitization—and to identify practical mechanisms for adapting corporate accounting systems to a new price scale in a post-conflict economy.