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Syria Eyes Economic Revival with New Currency Plans

12/5/2025

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Story summary
  • Syria is emerging from a 14-year civil war and seeks to re-enter the financial system.
  • Central bank Governor AbdulKader Husrieh said at Reuters NEXT Syria's economy grows faster than World Bank's 2025 forecast, aided by refugees.
  • The United States extended the Caesar sanctions suspension to late 2025, potentially boosting foreign investment.
  • Syria plans a new currency to restore confidence and will pursue a digital payment system with Visa and Mastercard.