Sunday, October 4, 2026English edition
EN FRTry Talia free
TheBinational

Country risk, from the local press

Syria · Country watch

Syria's Banking Expansion and Currency Struggles

Syria anticipates foreign investment in banking while facing currency depreciation challenges.

· · 4 sources

The picture Mixed

Syria's business conditions are mixed, with positive banking sector developments offset by currency depreciation challenges. The influx of foreign capital into banking could boost financial stability, but the weakening pound pressures importers and businesses.

In this briefing Central Bank of Syria · Syria · Abyat Real Estate · Damascus · Abdullah al-Faris

Regulation

  • finance

Syria expects over $1 billion for new banks

low angle photography of flock of birds flying over the building during daytime
abd sarakbi / Unsplash

Syria is preparing for a significant influx of foreign capital into its banking sector, with expectations of over $1 billion for the establishment of new banks, according to Al-Watan. This move aligns with efforts to expand the presence of foreign financial institutions and enhance trade and remittances through official channels. The anticipated investments are expected to impact financing, production, and the stability of the exchange rate, raising questions about their effect on the economy and living standards.

Impact Foreign investors and new banks entering Syria will influence financing, production, and currency stability.

Sources: Al-Watan الوطن ↗

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

  • construction

Abyat Real Estate threatens legal action in Damascus

Damascus was built in a strategic site on a plateau 680 m above sea level and about 80 km inland from the Mediterranean. Damascus, Syria.
Damascus was built in a strategic site on a plateau 680 m above sea level and about 80 km inland from the Mediterranean. Damascus, Syria. Vyacheslav Argenberg, CC BY 4.0 via Wikimedia Commons

Abyat Real Estate has issued a warning of potential legal action against individuals opposing its projects in Damascus, Enab Baladi reports. The company stated that it would pursue legal measures against those causing damage to its initiatives. This development highlights ongoing tensions between real estate developers and local opposition groups in the region.

Impact Real estate developers in Damascus face legal disputes, affecting project timelines and costs.

Sources: Enab Baladi English ↗

Markets

  • finance

Syrian pound depreciates amid liquidity issues

The Syrian pound is under pressure, with its exchange rate declining as the country's monetary policy faces challenges, Al-Watan reports. Economic expert Abdullah al-Faris highlighted the need for more diverse monetary tools to address deeper economic imbalances. The current policy of liquidity control has not stabilized the currency, leading to weakened confidence in the banking sector and reduced incentives for savings and investment.

Impact Importers and businesses dealing in foreign exchange face increased costs as the Syrian pound weakens.

Sources: Al-Watan الوطن ↗

Trade

Nothing significant reported today.

Politics

Nothing significant reported today.

Also today in Syria

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

All Syria briefings →

The same day elsewhere