Workshops dedicated to finalizing the Central Bank of Syria’s (CBS) comprehensive strategy for the period 2026 to 2030 have begun. These sessions aim to assess preparation phases and discuss development priorities as part of the bank’s central role in achieving financial and economic stability.
During the opening session, CBS Governor Dr. Abdulqadir al-Husriya underscored the importance of these workshops as a key step in defining a roadmap for the bank’s work over the next five years. The roadmap aims to clarify institutional responsibilities and strengthen the bank’s role in supporting the national economy and reinforcing its ability to withstand challenges.
The Five Pillars of the 2030 Strategy
The report explained that the strategy is based on an objective assessment of challenges and opportunities and is structured around five main pillars that define the bank’s work. The first pillar is monetary and price stability. This includes improving liquidity management, containing inflation, managing price fluctuations, enhancing forecasting and analytical tools, and improving data quality.
The second pillar is the digital payments system. This focuses on strengthening electronic payment infrastructure, protecting data, expanding digital financial services to reach all segments of society, and developing internal technological systems.
The third pillar is a sound banking sector. The bank aims to strengthen governance, enhance financial oversight in line with international standards, improve financial soundness indicators, and develop risk management frameworks to ensure that banks contribute effectively to financing economic activity.
The fourth pillar is a balanced and transparent exchange market. This involves improving transparency in exchange data, developing management and oversight tools, addressing market distortions realistically and gradually, and enhancing intervention mechanisms to support market equilibrium.
The fifth pillar is financial integration and sustainable inclusion. This includes strengthening links with regional and international financial institutions, aligning standards with global requirements, and expanding access to financial services for low income groups in support of social stability.
From Vision to Implementation
Husriya stressed that the strength of the strategy lies in the integration of its pillars. Effective monetary policy requires a stable exchange market, and a stable exchange market depends on a sound banking sector supported by a modern payments system.
He confirmed that translating these pillars into results requires converting them into eighteen strategic objectives and more than sixty projects and initiatives with defined timelines and measurable performance indicators.
He emphasized that implementation requires full commitment from all directorates and departments, along with precise monitoring, continuous accountability, and coordinated teamwork. Discussions on the Central Bank’s strategy remain ongoing as part of broader efforts to modernize its tools, legislation, and technological systems, paving the way for a new phase of economic support and comprehensive financial stability.
