Strengthening the Pound to Canceling Subsidies: How the Syrian Economy Changed One Year After the Political Transition

"One year after the major political transition, the features of a new Syrian economy are beginning to take shape. Economic indicators for 2026 show a shift from instability toward the start of structural recovery. The Syrian pound has seen a tangible improvement, stabilizing at around 11,000 per dollar following a long period of severe fluctuations.

New policies have introduced bold reforms, including the abolition of the previous subsidy system and its replacement with direct cash support plans to curb inflation, which has begun to gradually recede. Additionally, the IMF has returned to Damascus for technical consultation, alongside the launch of comprehensive reconstruction plans valued at $216 billion, supported by significant regional investment flows in energy and infrastructure.

In the real estate sector, markets have witnessed the active return of international development firms as global economic restrictions ease. This has triggered a wave of construction and renovation projects aimed at securing permanent housing for all citizens and returning displaced persons".

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