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.
Factory output in China grew 5.7% year-on-year in July, down from 6.8% in June and the slowest pace in eight months, according to data from the Nation...
Fires in Spain’s northwestern Zamora province forced residents to prepare for evacuation from their homes on Thursday as the country endured one of ...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 15th of August, covering the latest developments you need to k...
The weirdest and most ugliest products sold online in China can be seen in a new exhibition in Hangzhou....
Japan has commemorated 80 years since its surrender in World War II with a Tokyo memorial attended by Emperor Naruhito, as Prime Minister Shigeru Ishi...
Factory output in China grew 5.7% year-on-year in July, down from 6.8% in June and the slowest pace in eight months, according to data from the National Bureau of Statistics (NBS) published on Friday.
Fires in Spain’s northwestern Zamora province forced residents to prepare for evacuation from their homes on Thursday as the country endured one of its most destructive wildfire seasons in 20 years, fuelled by extreme heat and suspected arson.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 15th of August, covering the latest developments you need to know.
Japan has commemorated 80 years since its surrender in World War II with a Tokyo memorial attended by Emperor Naruhito, as Prime Minister Shigeru Ishiba pledged the nation would never again go to war.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
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.
In recent months, the U.S. and Russia have engaged in crucial diplomatic talks, despite rising tensions over Ukraine, nuclear arms, and cybersecurity. What’s behind these meetings, and why do they matter?
Fires in Spain’s northwestern Zamora province forced residents to prepare for evacuation from their homes on Thursday as the country endured one of its most destructive wildfire seasons in 20 years, fuelled by extreme heat and suspected arson.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 15th of August, covering the latest developments you need to know.
The weirdest and most ugliest products sold online in China can be seen in a new exhibition in Hangzhou.
Japan has commemorated 80 years since its surrender in World War II with a Tokyo memorial attended by Emperor Naruhito, as Prime Minister Shigeru Ishiba pledged the nation would never again go to war.
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