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.
Spain is battling some of the largest wildfires in its history, with uncontrolled blazes raging in more than 50 locations from the north to the south ...
Ukrainian President Volodymyr Zelenskyy will meet U.S. President Donald Trump in Washington on Monday, days after Trump’s summit with Russian Presid...
The United States has deployed more than 4,000 Marines and sailors to waters near Latin America and the Caribbean in a major move against drug cartels...
The Washington Agreement between Armenia and Azerbaijan has sparked a mix of hope, doubt, and cautious realism among Armenians....
The hurricane was located about 170 km north of Anguilla, with maximum sustained winds near 255 km/h, according to the National Hurricane Center (NHC)...
Ukrainian President Volodymyr Zelenskyy will meet U.S. President Donald Trump in Washington on Monday, days after Trump’s summit with Russian President Vladimir Putin in Alaska ended without a ceasefire deal.
The Washington Agreement between Armenia and Azerbaijan has sparked a mix of hope, doubt, and cautious realism among Armenians.
The hurricane was located about 170 km north of Anguilla, with maximum sustained winds near 255 km/h, according to the National Hurricane Center (NHC).
When Donald Trump and Vladimir Putin sat down for their high-stakes summit, the choice of venue was as symbolic as the talks themselves — Alaska, a former Russian colony and America’s northern frontier, separated from Russia by just 55 miles. But why here, and why now?
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
Spain is battling some of the largest wildfires in its history, with uncontrolled blazes raging in more than 50 locations from the north to the south of the country, forcing over 4,000 people to spend the night outdoors.
Ukrainian President Volodymyr Zelenskyy will meet U.S. President Donald Trump in Washington on Monday, days after Trump’s summit with Russian President Vladimir Putin in Alaska ended without a ceasefire deal.
The United States has deployed more than 4,000 Marines and sailors to waters near Latin America and the Caribbean in a major move against drug cartels, CNN reported on Friday, citing defence officials.
West Virginia Governor Patrick Morrisey is deploying 300 to 400 National Guard troops to Washington at the request of the Trump administration, his office confirmed Saturday.
A China-supported landmine elimination project has cleared more than 160 square kilometres of contaminated land in Cambodia since 2018, directly benefiting over 2.6 million people, officials said Saturday.
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