7/7/2025–|Last update: 17:51 (Mecca time)
He said World Bank – Monday- that it is expected to grow gross domestic product For a modest rate of 1% this year after a contraction of 1.5% in 2024, Reuters reported.
“Reducing penalties provides some promising capabilities, but progress is still limited with the continued freezing of assets and restricting access to international banking services, which hinders energy supplies, foreign assistance, humanitarian support, trade and investment,” the bank added in a statement.
He also stated that expectations are about Syria It still involves major risks, noting that this country faces a severe liquidity crisis due to the lack of criticism and broader disorders in the trading of local currency.
And the past Friday, the governor of the Central Bank of Syria, Abdel -Qader Hasari, said that his country will not resort to external debt, and “there will be no borrowing from IMF Or the World Bank. ”
He pointed out that the exchange rate of the lira (the local currency) has improved 30% since the overthrow of the system Bashar al -Assad Late 2024, explaining that there is no intention to link the price of the lira to the dollar or the euro.
He expected the distortions at the exchange rate of the lira within months so that there is a unified price, instead of two prices currently in the official and black market.
He explained that Syria has started a new stage of monetary and banking openness, in parallel with the start of dismantling decades for decades on the banking sector.
He said that the government “is seeking to build a healthy economy based on production and exports, without relying on high benefits or risky investment temptations.”