Syria's New Rulers Appoint Maysaa Sabrine to Lead Central Bank, Official Says

People and cars are seen in front of the Central Bank of Syria, after rebels seized the capital and ousted Syria's Bashar al-Assad, in Damascus, Syria December 11, 2024. REUTERS/Amr Abdallah Dalsh/File Photo
People and cars are seen in front of the Central Bank of Syria, after rebels seized the capital and ousted Syria's Bashar al-Assad, in Damascus, Syria December 11, 2024. REUTERS/Amr Abdallah Dalsh/File Photo
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Syria's New Rulers Appoint Maysaa Sabrine to Lead Central Bank, Official Says

People and cars are seen in front of the Central Bank of Syria, after rebels seized the capital and ousted Syria's Bashar al-Assad, in Damascus, Syria December 11, 2024. REUTERS/Amr Abdallah Dalsh/File Photo
People and cars are seen in front of the Central Bank of Syria, after rebels seized the capital and ousted Syria's Bashar al-Assad, in Damascus, Syria December 11, 2024. REUTERS/Amr Abdallah Dalsh/File Photo

Syria's new rulers have appointed Maysaa Sabrine, formerly a deputy governor of the Syrian central bank, to lead the institution as the first woman to do so in its more than 70-year history, a senior Syrian official said.

Sabrine, a longtime central bank official mostly focused on oversight of the country's banking sector, did not immediately respond to a request for comment.

She replaces Mohammed Issam Hazime who was appointed governor in 2021 by then-President Bashar al-Assad and remained on after Assad was ousted by a lightning opposition offensive on Dec. 8.

Since the takeover, the bank has taken steps to liberalize an economy that was heavily controlled by the state, including by cancelling the need for pre-approvals for imports and exports and tight controls on the use of foreign currency.

But Syria and the bank itself remain under strict US sanctions.

The bank has also taken stock of the country's assets after Assad's fall and a brief spate of looting that saw Syrian currency stolen but the main vaults left unbreached, Reuters reported.

The vault holds nearly 26 tons of gold, the same amount it had at the start of its civil war in 2011, sources told Reuters, but foreign currency reserves had dwindled from around $18 billion before the war to around $200 million, they said.



Blinken Seeks to Avert Syria Turmoil with Europeans on Final Trip

US Secretary of State Antony Blinken (L) met French FM Jean-Noel Barrot in Paris. Ludovic MARIN / POOL/AFP
US Secretary of State Antony Blinken (L) met French FM Jean-Noel Barrot in Paris. Ludovic MARIN / POOL/AFP
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Blinken Seeks to Avert Syria Turmoil with Europeans on Final Trip

US Secretary of State Antony Blinken (L) met French FM Jean-Noel Barrot in Paris. Ludovic MARIN / POOL/AFP
US Secretary of State Antony Blinken (L) met French FM Jean-Noel Barrot in Paris. Ludovic MARIN / POOL/AFP

US Secretary of State Antony Blinken was heading on Thursday to Rome for talks with European counterparts on bringing stability to Syria in the face of flare-ups with Türkiye, capping what is likely his final trip.
Blinken had been expected to remain in Italy through the weekend to join President Joe Biden but the outgoing US leader scrapped his trip, which was to include an audience with Pope Francis, to address wildfires sweeping Los Angeles.
Blinken, on a trip that has taken him to South Korea, Japan and France, was heading on Thursday from Paris and will meet for dinner in Rome with counterparts from Britain, France, Germany and Italy.
In Paris on Wednesday, Blinken said the United States was united with the Europeans on seeking a peaceful, stable Syria, a month after the opposition factions toppled longtime ruler Bashar al-Assad.
But concerns have mounted over Türkiye’s threats against Syrian Kurdish fighters, who have effectively run their own state during the brutal civil war engulfing Syria.
A war monitor said that battles between Turkish-backed groups, supported by air strikes, and Kurdish-led forces killed 37 people on Thursday.
The Kurdish-led Syrian Democratic Forces (SDF) have worked with the United States on Washington's main stated priority -- battling the ISIS extremist group -- but Türkiye says the SDF has links with PKK militants at home.
Blinken in Paris said that Türkiye had "legitimate concerns" and that the SDF should gradually be integrated into a revamped national army, with foreign fighters removed.
"That's a process that's going to take some time. And in the meantime, what is profoundly not in the interest of everything positive we see happening in Syria would be a conflict," Blinken told reporters.
"We'll work very hard to make sure that that doesn't happen."
Blinken said he expected no change on goals in Syria from US President-elect Donald Trump, who takes over on January 20.
During his last term, Trump briefly said he would accede to a plea by Turkish President Recep Tayyip Erdogan to pull out US troops that have been working in Syria with the Kurdish forces.
But he backed down after counter-appeals led by French President Emmanuel Macron.
When to ease sanctions?
Also on the agenda in Rome will be whether and when to ease sanctions on Syria.
French Foreign Minister Jean-Noel Barrot said on Wednesday that some sanctions "could be lifted quickly".
The US Treasury Department said this week it would ease enforcement on restrictions that affect essential services.
But US officials say they will wait to see progress before any wider easing of sanctions -- and the Biden administration is unlikely in its final days to accept the political costs of removing Syria's victorious Hayat Tahrir al-Sham rebels from the US "terrorism" blacklist.
While Western powers are largely in synch on Syria, some differences remain.
Blinken reiterated US calls on European countries to repatriate citizens of theirs detained in Syria for working with the ISIS group and languishing in vast camps run by the Kurdish fighters.
France and Britain, with painful memories of attacks by homegrown extremists, have little desire to bring militants back.
The Rome talks come a week after the French and German foreign ministers, Jean-Noel Barrot and Annalena Baerbock, jointly visited Damascus and met new leader Ahmed al-Sharaa to encourage an inclusive transition.
Sharaa, has promised to protect minorities after the fall of the iron-fisted but largely secular Assad.
A senior US official in turn said last month on meeting Sharaa that Washington was dropping a $10-million bounty on his head.
Italian Foreign Minister Antonio Tajani will pay his own visit to Syria on Friday, during which he plans to announce an initial development aid package.
Italy's hard-right government has pledged to reduce immigration. Millions of Syrians sought asylum in Europe during the civil war, triggering a backlash in some parts of the continent that shook up European politics.
In contrast to other major European powers, Italy had moved to normalize ties with Assad just weeks before he fell, presuming at the time that he had effectively won the war.