Latest economic and financial news about Syria, currency markets, and regional economy updates.
Central Bank Governor Abdulkader Husrieh announced on 23 April 2026 the creation of the Damascus Market for Foreign Currencies and Gold, citing Prime Minister Decision 189 of 2025 and targeting a unified, transparent exchange rate.
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Syria's Agriculture Ministry says recent storms, hail and floods will cut 2026 crop output, with the highest damage rates in Daraa countryside and damage to Idlib's Al-Sayha earthen dam.
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Syria's Ministry of Local Administration and Environment signed a memorandum of understanding with Turkey's Türksat on 21 April 2026, targeting data centers, smart-city platforms and a drop in real estate paperwork from weeks to one or two hours.
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Central Bank Governor Abdul Qader Al-Hasriya said developing Syria's money-changing sector is now essential to confidence in the financial system, citing unchecked informal markets and legacy laws ignored under the former government.
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Syria's energy minister said Jordanian gas imports and maintenance have pushed continuous electricity supply to 24 hours a day in parts of the country for the first time in years.
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The governor of the Central Bank of Syria rejected viral social-media claims that foreign remittances would be paid only in Syrian pounds, saying no such circular exists.
Read More →Damascus Chamber of Industry met with textile manufacturers on 21 April 2026 to chart a revival plan for Syria's textile sector, which its chief Mohammad Ayman al-Mawlawi described as the country's largest employer of labor and second-biggest contributor to exports.
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Damascus Governorate and Syria's Tourism Ministry launched the Qasioun Journey project on Mount Qasioun on 21 April 2026, projecting more than 7,000 jobs and hundreds of small and medium investment opportunities, with most components set to open by end of summer 2026.
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Syria is re-emerging as a regional transit hub, with Turkish-Syrian trade reaching $3.7 billion last year and Iraqi oil flowing to Mediterranean ports via Syrian territory.
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Syria's Ministry of Communications completed the country's first VoLTE test call on 21 April 2026, as the ministry finalizes a joint venture with Saudi Telecom and launches a new fiber-optic network initiative.
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