Assad Appoints a New CBS Governor

Muhammad Issam Hazima will be the next governor of Syria’s central bank, writes Al-Watan.

President Bashar al-Assad issued on Tuesday Decree No. 126 for 2021 appointing Muhammad Issam Hazima as Governor of the Central Bank of Syria (CBS).

Hazima has acquired a remarkable financial and banking experience, that has accumulated over the past years, during which he worked as the Deputy-Governor of the Central Bank.

He headed the Experts Committee in charge of placing a set of rules and procedures to reduce the exchange rates of foreign currencies against the Syrian pound.

The exchange rate appears to be steadily improving, currently heading towards 2,500 pounds per dollar.

Dr. Hazima holds a Ph.D. in international law from the Université de Marseille, France.

 

This article was translated and edited by The Syrian Observer. The Syrian Observer has not verified the content of this story. Responsibility for the information and views set out in this article lies entirely with the author.

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