Syria Central Bank

Syria's central bank says it expects more than $1 billion to flow into the country to establish new banks, according to Asharq Al-Awsat. The announcement points to efforts to rebuild Syria's shattered financial sector and attract investment as the country emerges from years of war, sanctions and economic isolation. Details on which investors or institutions are involved remain limited.

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.