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PM Calls Special Meeting to Address Vision for Economic Stability

Talks discussed ways to achieve stability in Syria's monetary policy, SANA reports
PM Calls Special Meeting to Address Vision for Economic Stability

Prime Minister Imad Khamis on Wednesday set a mechanism for improving the Syrian pound exchange rate against the dollar in an effort to continue Syrian economic development based on supporting exports, production and investment.

During a special work meeting, Khamis tasked finance and trade officials with taking measures to protect the industry and export sectors from the changes in exchange rates.

Participants in the meeting called for a calculated methodology for supporting production. Talks also touched on the repercussions of the exchange rate and its effects on imports and exports, as well as the steps needed to stabilize it, stressing the needing for a comprehensive economic vision that goes hand in hand with a clear monetary policy.

The attendees, which included agriculture and industry representatives, suggested providing more benefits to exporters, pointing to the improvement in production following the revival of stalled facilities and the return of capital to the country.

This article was edited by The Syrian Observer. Responsibility for the information and views set out in this article lies entirely with the author.

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