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.
A U.S. court has reinstated a $185 million verdict against Bayer’s Monsanto unit over chemical contamination at a Washington state school, reviving ...
Russia launched a large-scale overnight barrage of drones and missiles against Ukraine’s energy infrastructure, killing six people — including a s...
Pakistan and Afghanistan have agreed to continue their ceasefire following several days of negotiations in Istanbul, mediated by Türkiye and Qatar, a...
Britain’s King Charles has formally moved to strip his younger brother, Prince Andrew, of all remaining royal titles, styles, and honours, Buckingha...
Argentina has boosted security along its border with Brazil following a large-scale police operation against the Comando Vermelho gang in Rio de Janei...
A U.S. court has reinstated a $185 million verdict against Bayer’s Monsanto unit over chemical contamination at a Washington state school, reviving a major case involving toxic substances.
Russia launched a large-scale overnight barrage of drones and missiles against Ukraine’s energy infrastructure, killing six people — including a seven-year-old girl — and prompting nationwide power restrictions, Ukrainian officials said on Thursday.
Pakistan and Afghanistan have agreed to continue their ceasefire following several days of negotiations in Istanbul, mediated by Türkiye and Qatar, according to a joint statement released by the Turkish Foreign Ministry on Thursday (October 30).
Britain’s King Charles has formally moved to strip his younger brother, Prince Andrew, of all remaining royal titles, styles, and honours, Buckingham Palace confirmed on Thursday (October 30).
Nokia announced on Tuesday that chipmaker Nvidia will acquire a $1 billion stake in the company.
Reliable sources have confirmed to AnewZ that the United States has asked Azerbaijan to join a Stabilisation Force in Gaza, as part of a proposed international mission to secure the territory.
Centrist liberal party D66, led by 38-year-old Rob Jetten, has made sweeping gains in the Dutch election, emerging neck and neck with Geert Wilders’ far-right Freedom Party (PVV) in early results — a stunning reversal just two years after D66 ranked sixth.
U.S. President Donald Trump agreed with President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, Trump said.
Ukrainian President Volodymyr Zelenskyy said on Wednesday that the most difficult situation on the front line remains the eastern city of Pokrovsk, where fighting continues to be most intense due to a strong concentration of Russian forces.
U.S. Vice President JD Vance on Thursday warned that a prolonged government shutdown could cause severe disruptions to air travel during the busy Thanksgiving holiday period, urging Democrats to help pass legislation to reopen the government.
The U.S. State Department has ordered the departure of all non-emergency personnel and their family members from Mali, citing escalating security risks as al Qaeda-linked insurgents tighten a fuel blockade on the country.
U.S. President Donald Trump has set the refugee admissions ceiling for fiscal year 2026 at 7,500, the lowest in American history, according to a White House document published on Thursday (October 30). The move is part of a broader effort to reshape global refugee and asylum policies.
A U.S. court has reinstated a $185 million verdict against Bayer’s Monsanto unit over chemical contamination at a Washington state school, reviving a major case involving toxic substances.
Russia launched a large-scale overnight barrage of drones and missiles against Ukraine’s energy infrastructure, killing six people — including a seven-year-old girl — and prompting nationwide power restrictions, Ukrainian officials said on Thursday.
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