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How are debts settled and collected in Syrian pounds after the depreciation of their value? And is it true that if the value of the pound falls by more than two-thirds against the dollar, debts are collected in dollars at the exchange rate on the date the debt was incurred?

1 min readAlso available in العربية

The basic principle in fulfilling fixed debts in a certain currency is by its like, not by its value. However, when the currency's value collapses and drops excessively, this change must be taken into consideration. This is the view held by most contemporary scholars and some earlier ones, in order to establish justice and remove harm from the creditor or the rightful owner. This is the opinion favored by Dr. Ali Al-Qaradaghi.

Summarized from the full answer at Ftawy · reviewed Sep 2, 2026

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