The Central Bank of Syria has announced the launch of its strategic plan for 2026-2030, outlining a comprehensive vision to foster monetary stability and build a modern financial system. The strategy is designed to support the country’s economic recovery and align it with regional and international financial developments.
Quick Facts
- New five-year strategy runs from 2026-2030.
- Framework is built on five key pillars.
- Includes over 30 programs and key initiatives.
A Five-Pillar Approach to Stability
The bank’s strategy is founded on five core pillars aimed at rebuilding confidence and modernizing the country’s financial infrastructure. The first is to achieve sustainable monetary stability to bolster trust in the national currency. This is complemented by a plan to build an organized and transparent foreign exchange market that accurately reflects supply and demand.
Further pillars include strengthening the integrity of the financial sector, developing a secure digital payments system, and promoting financial inclusion. The final pillar focuses on supporting integration with the global financial system, a critical step toward economic normalization.
Paving the Way for Global Integration
According to the bank’s statement, the strategy will be implemented through more than 30 distinct programs and initiatives. This plan is part of a broader move to increase Syria’s openness to international financial institutions, facilitate knowledge transfer, and adopt global best practices. Key enablers for this transformation include developing the legal and governance framework, enhancing transparency, and accelerating digital transformation.
Abdel Qader Al-Husriyeh, Governor of the Central Bank of Syria, stated that the strategy represents a “clear roadmap” for the bank’s future operations. He described it as a practical commitment to establishing monetary stability and reinforcing trust in the national economy through well-defined policies and calculated measures. These actions are intended to improve the economic environment and prepare Syria for wider integration into the global financial system.
About The Central Bank of Syria
The Central Bank of Syria is the central monetary authority of the Syrian Arab Republic. It is responsible for issuing the national currency, managing monetary policy, and overseeing the country’s banking and financial systems to maintain financial stability.
Source: Al Modon
