Abdul Qader Husariya, governor of the Central Bank of Syria, said on Friday that Syria will not borrow from abroad.
Husariya confirmed that, by order of President Ahmad al-Sharaa, Syria will avoid loans from the International Monetary Fund and the World Bank.
He noted the Syrian pound has strengthened by 30 percent since the fall of Bashar al-Assad’s regime in late 2024.
Husariya said the government does not intend to peg the currency to the US dollar or euro. Instead, it aims to build a stable economy based on production and exports, without depending on high interest rates or risky investments.
He added that Syria is entering a phase of full economic recovery across all sectors, with an improved investment climate offering steady returns.
Recent decisions by the U.S. and Europe to ease sanctions, including a US executive order on June 30, have given a boost to Syria’s economy.
Plans include establishing a deposit insurance system for Syrian banks, unifying the exchange rate, and offering real estate loans to Syrians living abroad.
In June, Syria made its first direct international bank transfer in 13 years via the SWIFT system, marking progress in opening the banking sector.
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The United States launched a seventh consecutive night of strikes on Iran as Tehran targeted U.S. allies in the Gulf, while tensions remain high in the Strait of Hormuz.
At least four people have died and four others remain missing after flash floods swept through a mountainous village in northern Vietnam, as days of heavy rain continue to batter the region.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 18th of July, covering the latest developments you need to know.
Israel killed at least eight Palestinians in an airstrike that hit mourners attending a funeral in central Gaza on Friday, according to local health officials, in one of the deadliest attacks reported in the strip since a ceasefire took effect last October.
The half-time interval during the 2026 FIFA World Cup final is expected to be extended to around 30 minutes to accommodate the tournament’s first-ever major half-time concert.
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
Nineteen years ago, at Barcelona's Camp Nou, Lionel Messi posed for a charity photo shoot with a five-month-old baby he had never met. On Sunday, that baby, Lamine Yamal, will face Messi in the 2026 FIFA World Cup final as Spain take on Argentina. A full-circle football story.
The U.S. military said it completed a sixth consecutive night of strikes on Iran late on Thursday, targeting logistics infrastructure and maritime capabilities. Iran responded by launching strikes at U.S. bases in neighbouring countries.
SpaceX's Starship rocket aborted its 13th flight test just seconds before liftoff in Texas on Thursday after some of its 33 engines failed to start. CEO Elon Musk said the company is likely to make another launch attempt early next week.
Russian attacks on Ukraine's southern ports killed at least five people, damaged foreign-flagged civilian vessels, and further disrupted Black Sea grain exports, while Ukraine launched drone strikes targeting Russian logistics and infrastructure.
At least four people have died and four others remain missing after flash floods swept through a mountainous village in northern Vietnam, as days of heavy rain continue to batter the region.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 18th of July, covering the latest developments you need to know.
The Democratic Republic of Congo has recorded 2,181 confirmed Ebola cases, including 864 deaths, according to government data released late on Friday.
As the 2026 FIFA World Cup draws to a close, U.S. President Donald Trump has called on FIFA to bring the tournament back to the United States.
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