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Syrian Arab News Agency (SANA) > Latest News > Syria > Administrative development minister: New currency anchors deep economic reforms

Administrative development minister: New currency anchors deep economic reforms

Published: 2025/12/30 10:13 PM
Updated: 2025/12/30 10:16 PM
Administrative development minister: New currency anchors deep economic reforms

Damascus, Dec. 30 (SANA) Syria’s Minister of Administrative Development Mohammad Hassan al-Sakkaf said the launch of the new national currency represents a pivotal link in a series of deep economic reforms taking place in what he described as “the new Syria,” as part of an integrated national approach to rebuilding the state’s economic and administrative foundations.

In a post published on LinkedIn, al-Sakkaf said the step should not be viewed solely through its monetary dimension, but rather as carrying “a deep sovereign significance” that coincides with the post-liberation phase.

“At this stage, it is not only the homeland that is restored, but also its confidence in itself and in its future,” he said.

Al-Sakkaf said the launch of the new national currency comes as part of a comprehensive reform path aimed at strengthening financial stability, regulating monetary circulation and improving the efficiency of economic policies in line with the requirements of the next phase. He said the move is intended to enhance confidence in the national economy and its institutions.

“In the Ministry of Administrative Development, we view the consolidation of monetary stability as an integrated path alongside developing the institutional structure of the state, and building a modern public administration capable of implementing policies efficiently,” al-Sakkaf said. He added that reforms should be reflected “responsibly and gradually” in citizens’ living conditions.

“We are today at a stage in which we transform the sacrifices of liberation into solid institutions, well-considered decisions and future-oriented policies,” he said. “True reform is not measured by the speed of steps, but by their coherence, the readiness of state institutions to apply them, and their ability to protect stability and build trust.”

Al-Sakkaf said he hopes that “every Syrian will feel the real and positive impact of this new phase.”

The remarks came a day after President Ahmad al-Sharaa and Central Bank of Syria Governor Abdulkader Husrieh officially launched the new Syrian currency during a ceremony at the Damascus Conferences’ Palace, attended by senior official and public delegations.

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TAGGED:Minister of Administrative DevelopmentPresident Ahmad al-Sharaa
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