The Governor of the Central Bank of Syria, Abdelkader Al-Hasriya, revealed that the Syrian economy is witnessing a noticeable transformation supported by remittances from Syrians abroad, which have reached nearly US$4 billion.
He pointed out that “this major support from expatriates has contributed to strengthening financial stability, moving the exchange rate, and improving inflation indicators, while Syria looks forward to reintegrating into the global banking system after years of severe sanctions.”
Al-Hasriya considered that “the rise in expatriate remittances to around US$4 billion since the system’s collapse represents a powerful boost to the local economy, as these funds increased dollar liquidity and opened the way to improved purchasing power for citizens.”
