In Syria, there is a sense of optimism as the United States President Donald Trump has announced the lifting of sanctions against the country. This decision, announced in Riyadh on Tuesday, brings relief to Syrians who hope it will lead to the reintegration of Syria into the global economy and bring in much-needed investment for a country trying to recover from over 50 years of dynastic family rule, as well as a nearly 14-year-long war.
The impact of Trump’s statement, which he said would give Syria “a chance at greatness” after the December overthrow of Bashar al-Assad, was immediate, as the Syrian pound strengthened against the US dollar by about 25 percent. This move is a boost to a country undergoing economic hardship. Ibrahim Nafi Qushji, an economist and banking expert, notes that the lifting of sanctions on Syria represents a fundamental
Source: https://www.aljazeera.com/features/2025/5/16/trumps-decision-to-lift-syria-sanctions-fuels-dreams-of-economic-revival?traffic_source=rss
