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.
U.S. President Donald Trump announced on Monday that he will sign an executive order classifying fentanyl as a “weapon of mass destruction” as par...
Ukraine’s domestic security service, the SBU, says it struck a Russian Kilo‑class submarine in the Black Sea port of Novorossiysk, causing critica...
Washington’s seizure of a tanker carrying Venezuelan oil shows a shift from financial sanctions to direct maritime action, further straining relatio...
Anewz brings you the best videos of the day from around the world covering everything from uplifting events to updates in conflict zones....
At least 37 people have been killed in flash floods triggered by torrential rain in Morocco's Atlantic coastal province of Safi, Moroccan authorities ...
U.S. President Donald Trump announced on Monday that he will sign an executive order classifying fentanyl as a “weapon of mass destruction” as part of his ongoing campaign against drug smuggling.
Ukraine’s domestic security service, the SBU, says it struck a Russian Kilo‑class submarine in the Black Sea port of Novorossiysk, causing critical damage.
Anewz brings you the best videos of the day from around the world covering everything from uplifting events to updates in conflict zones.
The European Union’s interest in investing in regional connectivity projects in the South Caucasus, such as the Trump Route for International Peace and Prosperity (TRIPP) is driven by a need for strategic credibility and a tangible foreign policy success, according to a regional expert.
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
At least 17 people, including students, were killed and 20 others injured after a school bus fell off a cliff in northern Colombia on Sunday, authorities said.
U.S. President Donald Trump announced on Monday that he will sign an executive order classifying fentanyl as a “weapon of mass destruction” as part of his ongoing campaign against drug smuggling.
Ukraine’s domestic security service, the SBU, says it struck a Russian Kilo‑class submarine in the Black Sea port of Novorossiysk, causing critical damage.
Washington’s seizure of a tanker carrying Venezuelan oil shows a shift from financial sanctions to direct maritime action, further straining relations with Caracas and increasing risks for global shipping.
Anewz brings you the best videos of the day from around the world covering everything from uplifting events to updates in conflict zones.
French senators on Monday approved a revised 2026 budget bill that the government warned could worsen the country’s fiscal deficit, setting the stage for tense negotiations between parliament’s two chambers later this week.
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