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.
Australia's government said on Tuesday that Meta, Alphabet’s Google and TikTok could be penalised unless they negotiate payments with loc...
Iran’s Foreign Minister, Abbas Araghchi, arrived in Russia on Monday for a diplomatic visit to shore up support after two months of conflict....
Mexican special forces arrested Audias Flores, known as “El Jardinero”, a senior commander of the p...
Kazakhstan has ratified a regional green energy agreement with Azerbaijan and Uzbekistan, signalling Central Asia’s ambition to become a key ...
Start your day informed with AnewZ Morning Brief. Here are the top news stori...
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 28th of April, covering the latest developments you need to know.
The United States and Iran clashed at the United Nations on Monday over Tehran's nuclear programme and its selection to be one of dozens of vice presidents at a month-long conference to review the nuclear Non-Proliferation Treaty (NPT).
It's doubtful that Iran's proposal on resolving the two-month war will be accepted by President Donald Trump, an official source said, dampening hopes for a resolution to the conflict that has disrupted energy supplies, fuelled inflation, and killed thousands.
The death toll from a train collision near Indonesia’s capital Jakarta rose to 14 women on Tuesday (28 April), with 84 people injured, after rescuers completed efforts to free passengers trapped in the wreckage, the state rail operator said.
Disney+ has debuted Disney Animation’s Songs in Sign Language, a new collection of animated musical sequences reimagined in American Sign Language (ASL), released on 27 April to mark National Deaf History Month.
President Donald Trump said on Sunday Iran could telephone if it wants to negotiate an end to their two-month war. Tehran said the U.S. should remove obstacles to a deal, including its blockade of Iran's ports. Meanwhile Iranian Foreign Minister Abbas Araghchi arrives in St Petersburg for talks.
Market reaction to DeepSeek’s preview of its next-generation artificial intelligence model has been relatively subdued, in sharp contrast to the global shock triggered by its breakthrough releases last year.
Adidas shares rose after Kenya’s Sebastian Sawe delivered a historic performance at the London Marathon on Sunday (26 April), becoming the first athlete to run an official marathon in under two hours.
China’s reaction to the latest tensions around Iran has been firm in tone but restrained in action. It has condemned strikes, called for dialogue and stepped up diplomacy but shown no sign of military involvement or appetite for escalation.
Australia's government said on Tuesday that Meta, Alphabet’s Google and TikTok could be penalised unless they negotiate payments with local media outlets for news carried on their platforms.
Mexican special forces arrested Audias Flores, known as “El Jardinero”, a senior commander of the powerful Jalisco New Generation Cartel (CJNG), during an operation in the western state of Nayarit, Security Minister Omar García Harfuch said on Monday (27 April).
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 28th of April, covering the latest developments you need to know.
The death toll from a train collision near Indonesia’s capital Jakarta rose to 14 women on Tuesday (28 April), with 84 people injured, after rescuers completed efforts to free passengers trapped in the wreckage, the state rail operator said.
The man accused of opening fire at a Washington dinner attended by Donald Trump was charged on Monday (27 April) with attempting to assassinate the U.S. President and could face life in prison if convicted.
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