Syria's pound would be pegged to the to the IMF special drawing rights (SDR), rather than against the dollar

According to the OBG. the move should take effect in July of 2007' and "would provide more stability for the Syrian pound, provide a further incentive for direct foreign investment, and reduce the risks posed by fluctuations of currencies such as the euro and the dollar", says Adeeb Malayeh, Governor of the Central Bank of Syria . Read the OBG full brief here.