Lebanon today »A noticeable decline at the price of the dollar in Syria … and a plan for ten years away from the socialist approach

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The article was written on 02/04/2025. As for the exchange rate of the dollar, it is updated instantly based on the latest available data, and it may change at any time according to the fluctuations of the market.

Syria is preparing to implement a strategic economic plan to reshape the economy away from the socialist approach, according to what Syrian President Ahmed Al -Sharaa announced in an interview with “Syria TV”, explaining that there is an economic team that includes experts from inside and outside the country working to formulate the plan, which extends for ten years and includes Several stages to reform the economy.

The plan, according to Sharia, will start with an emergency emergency phase that focuses on addressing urgent economic conditions, followed by two phases in the medium and long term to radically restructure the economy, adding that major changes will occur at the economic level, noting that the socialist system has caused many problems that the country suffers from currently.

Although the Syrian President did not clarify the details of the plan completely, he revealed that the first stage will focus on reviving the infrastructure and basic services, and the banking sector, communications, roads and water networks will be the priorities of reform, as it is the basis for any sustainable economic growth, adding that the reform of institutions and the establishment of economic policies Clearly will ensure an attractive investment environment, able to attract local and foreign capital.

During recent months, calls for lifting or reducing international sanctions imposed on Syria have escalated, due to its impact on the flow of investments and funds.

In this context, Washington suspended last January some sanctions temporarily, and the European Union expressed its willingness to gradually lift the sanctions, while Arab countries called for the end of these sanctions, which strengthened the hopes of the Syrian government in the possibility of reaching a settlement that contributes to reviving Economy.