Syria's economic turmoil worsened in 2019 when neighbouring Lebanon, with which it has extensive economic and financial ties, also descended into crisis. Damascus then introduced a plethora of exchange rates for different transactions to safeguard scarce hard currency.

But the country must also modernise monetary policy, rewire banking and reconnect with global markets, argues Abdulkader Husrieh

Turkish companies and banks will benefit from a lifting of U.S. sanctions on Syria, Onur Genc, chief executive officer of financial group BBVA said on Wednesday.

Saudi Arabia and Qatar have announced that they will settle Syria’s debt to the World Bank totalling roughly $15m, according to a statement published by the Saudi Press Agency, in the latest effort to help reverse the economic fortunes of a nation beset by years of war.

IMF-World Bank Meetings to Discuss Restoring Support for Syria, UN Official Says By Maya Gebeily and Timour Azhari DAMASCUS (Reuters) -Officials will discuss major steps to restore support for ...

BEIRUT (AP) — Saudi Arabia and Qatar said Sunday they will pay Syria’s outstanding debt to the World Bank, a move likely to make the international institution resume its support to the war-torn country. A joint statement by the finance ministries of ...

U.S. President Donald Trump has said he will lift longstanding sanctions on Syria that severed the country from the global financial

Syria’s president has flown to Bahrain, where he discussed mutual relations and regional affairs with King Hamad bin Isa Al Khalifa on his latest trip abroad since taking office in January