Syria’s Central Bank on Wednesday unveiled a new five-year strategy aimed at strengthening monetary and financial stability, modernizing the banking sector and supporting the country’s economic recovery.  In a statement published on its Telegram channel, the bank said the 2026-2030 strategy seeks to build a more resilient and internationally connected financial system through monetary reforms, a regulated foreign exchange market, secure digital payment systems and broader financial inclusion.  According to the statement, the strategy is based on five main pillars: maintaining monetary stability and confidence in the Syrian pound, developing a transparent foreign exchange market, strengthening the integrity of the financial sector, expanding digital payment infrastructure and supporting gradual integration with the global financial system.  The Central Bank said implementation would include more than 30 programs and initiatives covering legal reforms, governance, digital transformation, institutional development and transparency measures.  The bank added that the strategy comes as Syria seeks greater engagement with international financial institutions to facilitate expertise transfer, adopt international best practices and rebuild confidence in the financial system.  The statement said implementation will proceed according to phased priorities with regular performance reviews aimed at ensuring transparency and measuring progress. The bank also pledged to continue developing its monetary tools and policies in coordination with local and international partners to support economic stability and sustainable growth.  Central Bank Governor Abdulkader Husrieh described the strategy as a “clear roadmap” for the institution’s work during the coming phase, saying it reflects a commitment to strengthening monetary stability and improving the economic environment through “clear policies and carefully studied measures.”  Workshops focused on the strategy’s priorities and implementation mechanisms began in November last year as part of broader efforts to support Syria’s financial and economic recovery. (ICE BEIRUT)

Fonte notizia: Syrian Arab News Agency