Statements by the Governor of the Central Bank of Syria, Dr. Abdul Qadir al-Hosari, to CNBC Arabia:
🔸 By order of His Excellency President al-Shar'a, Syria will not resort to external debt, and there will be no reliance on borrowing from the International Monetary Fund or the World Bank.
🔸 We will not link the exchange rate of the Syrian pound to the dollar or the euro.
🔸 A new institution will be established to guarantee deposits in Syrian banks.
🔸 The distortions in the exchange rate of the Syrian pound are expected to end within months, reaching a unified rate.
🔸 We will provide mortgage loans targeted at Syrians abroad.
🔸 The exchange rate of the Syrian currency has improved by 30%.
