He noted that in the country a financial system and monetary policy will be restructured to rebuild the destroyed economy. Husrije hopes to restore foreign investment, remove trade barriers, normalize currency and reform the banking sector.
“We want to strengthen the image of the country as a financial center, taking into account the expected direct foreign investment in reconstruction and infrastructure – this is extremely important. Although significant progress has already been achieved, There is still a lot of work ahead of us” – said the president.
According to him, Syria will be fully connected to the SWIFT international “within a few weeks”. This will contribute to the development of foreign trade, reduce import costs, simplify exports, and also bring Syria a very needed foreign currency, strengthen the fight against dirty money laundering and reduce dependence on informal financial networks in cross -border trade.
“The plan is that all foreign trade should now take place through the official banking sector,” Husrije emphasized.
On May 21, the European Union decided to abolish most economic sanctions against Syria.
A few days later, the administration of US President Donald Trump announced a significant sanction of sanctions against Syria. This decision, according to the White House statement, actually tolerates most of the restrictions.
