Syria Central Bank

Syria's central bank says it expects more than $1 billion in capital to be injected to establish new banks in the country. The announcement, reported by Asharq Al-Awsat, signals efforts to rebuild Syria's banking sector as the country looks to revive its economy and attract investment after years of conflict and financial isolation.

Syria's central bank governor says the country expects more than $1bn in foreign capital to flow into newly established banks. The announcement signals efforts to rebuild Syria's financial sector and attract international investment as the country seeks to stabilise its economy and re-engage with global markets after years of isolation and sanctions.

Syrian President Ahmed al-Sharaa has appointed a first deputy governor of the Central Bank of Syria, according to the state news agency SANA. The move fills a senior post at the institution that oversees Syria's banking system and currency, as the country works to stabilise its financial sector amid ongoing economic reconstruction efforts.