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.
South Korea says it fired warning shots on Friday at a North Korean commercial vessel that crossed the maritime border in disputed waters off the Kore...
The airspace over Denmark's Aalborg Airport was reopened early on Friday (26 September) after a closure for the second night in a row due to suspected...
Iran and Russia have signed a memorandum of understanding (MoU) to build nuclear Small Modular Reactors (SMR) capable of generating maximum electrical...
U.S. President Donald Trump has signed a presidential memorandum directing federal prosecutors to seek the death penalty in all appropriate cases in t...
President Donald Trump on Thursday unveiled a fresh round of punishing tariffs on a broad range of imported goods, including 100% duties on branded dr...
The airspace over Denmark's Aalborg Airport was reopened early on Friday (26 September) after a closure for the second night in a row due to suspected drone activity, police said.
Iran and Russia have signed a memorandum of understanding (MoU) to build nuclear Small Modular Reactors (SMR) capable of generating maximum electrical power of 300 Megawatts electric (MWe) to be installed at the planned Iran Hormuz nuclear power plant site with a 5,000 MWe capacity.
U.S. President Donald Trump has signed a presidential memorandum directing federal prosecutors to seek the death penalty in all appropriate cases in the nation’s capital.
President Donald Trump on Thursday unveiled a fresh round of punishing tariffs on a broad range of imported goods, including 100% duties on branded drugs and 25% tariffs on heavy-duty trucks, set to come into force next week.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
South Korea says it fired warning shots on Friday at a North Korean commercial vessel that crossed the maritime border in disputed waters off the Korean peninsula's west coast, and the vessel subsequently retreated, the South's military said.
U.S. President Donald Trump has signed a presidential memorandum directing federal prosecutors to seek the death penalty in all appropriate cases in the nation’s capital.
President Donald Trump on Thursday unveiled a fresh round of punishing tariffs on a broad range of imported goods, including 100% duties on branded drugs and 25% tariffs on heavy-duty trucks, set to come into force next week.
The U.S. envoy to Türkiye has confirmed that a Turkish Airlines’ Boeing aircraft deal has been finalised, marking a significant step in expanding the carrier’s fleet.
Microsoft has stopped providing certain services to a unit within the Israeli Ministry of Defence following reports that the military was using the company’s cloud technology for mass surveillance of Palestinians.
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