The National on Nostr: Syria’s new central bank head faces 'monumental task' with economy in turmoil ...
Syria’s new central bank head faces 'monumental task' with economy in turmoil
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Maysaa Sabrine appointed as first female head of Syria's central bank on January 1, 2025; she replaces Mohammed Issam Hazime; immediate priorities include stabilising the Syrian pound and curbing inflation; UN estimates cumulative economic losses over $440 billion since 2011; Syrian economy projected to contract by 1.5% in 2024; GDP shrank by 54% from 2010 to 2021; official exchange rate declined 270-fold against USD from 2011 to 2023; Syrian pound lost over 90% of its value since 2020; foreign currency reserves fell from $18 billion in 2011 to $200 million; FATF grey list complicates investment; governance reforms needed to lift sanctions; constitution ratification delayed for three years.
#Syria #Economy #CentralBank #Inflation #Currency #MaysaaSabrine #BasharAlAssad #Fatf #Sanctions #Governance
https://www.thenationalnews.com/business/economy/2025/01/01/syria-central-bank/
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Maysaa Sabrine appointed as first female head of Syria's central bank on January 1, 2025; she replaces Mohammed Issam Hazime; immediate priorities include stabilising the Syrian pound and curbing inflation; UN estimates cumulative economic losses over $440 billion since 2011; Syrian economy projected to contract by 1.5% in 2024; GDP shrank by 54% from 2010 to 2021; official exchange rate declined 270-fold against USD from 2011 to 2023; Syrian pound lost over 90% of its value since 2020; foreign currency reserves fell from $18 billion in 2011 to $200 million; FATF grey list complicates investment; governance reforms needed to lift sanctions; constitution ratification delayed for three years.
#Syria #Economy #CentralBank #Inflation #Currency #MaysaaSabrine #BasharAlAssad #Fatf #Sanctions #Governance
https://www.thenationalnews.com/business/economy/2025/01/01/syria-central-bank/