Cabinet carries out comprehensive review of economic policy

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Damascus, SANA – The Cabinet on Sunday carried out a comprehensive review of economic policy in financial, monetary, and commercial fields.

During a weekly session chaired by Prime Minister Imad Khamis, the Cabinet discussed efforts for supporting the Syrian Pound and stabilizing the exchange rate, instructing the Central Bank of Syria to continue working towards stabilizing the exchange rate.

The Cabinet also tasked the Economy and Foreign Trade Ministry with conducting a study on providing direct support for importing raw materials for industrial production, as well as setting up a mechanism to monitor the program for funding imports.

The Cabinet called on the Agriculture Ministry and the Industry Ministry to focus on products intended for exports, and decided to fund the state’s investment, economic, and services projects via treasury bonds.

Hazem Sabbagh