DAMASCUS: Syria’s newly appointed president, Ahmed Al-Sharaa, said on Thursday he will form an inclusive transitional government representing diverse communities that will build institutions and run the country until it can hold free and fair elections.
Sharaa addressed the nation in his first speech since being appointed president for the transitional period on Wednesday by armed factions that ousted former Syrian President Bashar Assad in a lightning offensive last year.
The armed group that led the offensive, Hayat Tahrir Al-Sham, has since set up an interim government that has welcomed a steady stream of senior Western and Arab diplomatic delegations keen to help stabilize the country after 13 years of civil war.
Sharaa in his speech said he would form a small legislative body to fill the parliamentary void until new elections were held, after the Syrian parliament was dissolved on Wednesday.
He said he would also in the coming days announce the formation of a committee that would prepare to hold a national dialogue conference that would be a platform for Syrians to discuss the future political program of the nation.
That would be followed by a “constitutional declaration,” he said, in an apparent reference to the process of drafting a new Syrian constitution.
Sharaa has previously said the process of drafting a new constitution and holding elections may take up to four years.
Syrian leader Sharaa pledges to form inclusive government
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Syrian leader Sharaa pledges to form inclusive government
- Al-Sharaa said he would form a small legislative body to fill parliamentary void until new elections were held, after the Syrian parliament was dissolved on Wednesday
Syria’s growth accelerates as sanctions ease, refugees return
- Economy grows much faster than World Bank’s 1% estimate, fueling plans for currency’s relaunch
NEW YORK: Syria’s economy is growing much faster than the World Bank’s 1 percent estimate for 2025 as refugees flow back after the end of a 14-year civil war, fueling plans for the relaunch of the country’s currency and efforts to build a new Middle East financial hub, central bank Governor AbdulKader Husrieh has said.
Speaking via video link at a conference in New York, Husrieh also said he welcomed a deal with Visa to establish digital payment systems and added that the country is working with the International Monetary Fund to develop methods to accurately measure economic data to reflect the resurgence.
The Syrian central bank chief, who is helping guide the war-torn country’s reintegration into the global economy after the fall of Bashar Assad’s regime about a year ago, described the repeal of many US sanctions against Syria as “a miracle.”
The US Treasury on Nov. 10 announced a 180-day extension of the suspension of the so-called Caesar sanctions against Syria; lifting them entirely requires approval by the US Congress.
Husrieh said that based on discussions with US lawmakers, he expects the sanctions to be repealed by the end of 2025, ending “the last episode of the sanctions.”
“Once this happens, this will give comfort to our potential correspondent banks about dealing with Syria,” he said.
Husrieh also said that Syria was working to revamp regulations aimed at combating money laundering and the financing of terrorism, which he said would provide further assurances to international lenders.
Syria’s central bank has recently organized workshops with banks from the US, Turkiye, Jordan and Australia to discuss due diligence in reviewing transactions, he added.
Husrieh said that Syria is preparing to launch a new currency in eight note denominations and confirmed plans to remove two zeroes from them in a bid to restore confidence in the battered pound.
“The new currency will be a signal and symbol for this financial liberation,” Husrieh said. “We are glad that we are working with Visa and Mastercard,” Husrieh said.
