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.
Leaders of the world’s 20 largest economies convened in South Africa on Saturday for a G20 summit notably boycotted by the United States, as members...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 22nd of November, covering the latest developments you need to...
U.S. officials and lawmakers are alarmed over a meeting last month where Trump administration members met sanctioned Russian envoy Kirill Dmitriev to ...
Cadillac is gearing up to make its debut in Formula One in 2026, marking a significant milestone in the growing presence of U.S. companies in global s...
A United Nations human rights expert called on Friday for the United States to lift its long-standing sanctions against Cuba, highlighting the devasta...
Leaders of the world’s 20 largest economies convened in South Africa on Saturday for a G20 summit notably boycotted by the United States, as members sought to finalise a draft declaration prepared without U.S. involvement — a move a senior White House official condemned as “shameful.”
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 22nd of November, covering the latest developments you need to know.
U.S. officials and lawmakers are alarmed over a meeting last month where Trump administration members met sanctioned Russian envoy Kirill Dmitriev to draft a plan to end the Ukraine conflict, sources say.
Cadillac is gearing up to make its debut in Formula One in 2026, marking a significant milestone in the growing presence of U.S. companies in global sports.
The pilot of an Indian fighter jet performing in the Dubai Air Show has died after the aircraft crashed during an aerial display on Friday.
An Indian Tejas fighter jet crashed in a ball of fire during an aerial display at the Dubai Airshow on Friday (November 21), leaving spectators in shock.
Russian President Vladimir Putin visited the command post of the Russian forces “West” grouping on Thursday (20 November), meeting with Chief of Russia’s General Staff Valery Gerasimov and senior military officials, the Kremlin said.
The full 28-point framework outlining a proposed settlement between Ukraine and Russia has been published by Axios, but has yet to be officially published. Drafted by the U.S. administration, it says it's built on security guarantees, territorial provisions and long-term economic arrangements.
Lithuania’s Vilnius airport was temporarily closed on Thursday after smugglers’ balloons appeared on radar, the National Crisis Management Centre said.
Leaders of the world’s 20 largest economies convened in South Africa on Saturday for a G20 summit notably boycotted by the United States, as members sought to finalise a draft declaration prepared without U.S. involvement — a move a senior White House official condemned as “shameful.”
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 22nd of November, covering the latest developments you need to know.
U.S. officials and lawmakers are alarmed over a meeting last month where Trump administration members met sanctioned Russian envoy Kirill Dmitriev to draft a plan to end the Ukraine conflict, sources say.
Cadillac is gearing up to make its debut in Formula One in 2026, marking a significant milestone in the growing presence of U.S. companies in global sports.
A United Nations human rights expert called on Friday for the United States to lift its long-standing sanctions against Cuba, highlighting the devastating impact of the trade and financial restrictions on the island’s educational system, food security, healthcare, and overall humanitarian situation.
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