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.



Italy’s Foreign Minister Heads to Syria to Encourage Post-Assad Transition

Italian Foreign Minister Antonio Tajani speaks to the media a he arrives for a meeting at Rome’s Villa Madama, Thursday, Jan. 9, 2025 on the situation in Syria after the collapse of the Assad regime. (AP Photo/Andrew Medichini (Andrew Medichini/AP POOL)
Italian Foreign Minister Antonio Tajani speaks to the media a he arrives for a meeting at Rome’s Villa Madama, Thursday, Jan. 9, 2025 on the situation in Syria after the collapse of the Assad regime. (AP Photo/Andrew Medichini (Andrew Medichini/AP POOL)
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Italy’s Foreign Minister Heads to Syria to Encourage Post-Assad Transition

Italian Foreign Minister Antonio Tajani speaks to the media a he arrives for a meeting at Rome’s Villa Madama, Thursday, Jan. 9, 2025 on the situation in Syria after the collapse of the Assad regime. (AP Photo/Andrew Medichini (Andrew Medichini/AP POOL)
Italian Foreign Minister Antonio Tajani speaks to the media a he arrives for a meeting at Rome’s Villa Madama, Thursday, Jan. 9, 2025 on the situation in Syria after the collapse of the Assad regime. (AP Photo/Andrew Medichini (Andrew Medichini/AP POOL)

Italian Foreign Minister Antonio Tajani said he would travel to Syria on Friday to encourage the country's transition following the ouster of President Bashar Assad by insurgents, and appealed on Europe to review its sanctions on Damascus now that the political situation has changed.
Tajani presided over a meeting in Rome on Thursday of foreign ministry officials from five countries, Britain, France, Germany, Italy and the United States.
The aim, he said, is to coordinate the various post-Assad initiatives, with Italy prepared to make proposals on private investments in health care for the Syrian population.
Going into the meeting with US Secretary of State Antony Blinken and their European counterparts, Tajani said it was critical that all Syrians be recognized with equal rights. It was a reference to concerns about the rights of Christians and other minorities under Syria’s new de facto authorities of Hayat Tahrir al-Sham, or HT.
“The first messages from Damascus have been positive. That’s why I’m going there tomorrow, to encourage this new phase that will help stabilize the international situation,” Tajani said.
Speaking to reporters, he said the European Union should discuss possible changes to its sanctions on Syria. “It’s an issue that should be discussed because Assad isn’t there anymore, it’s a new situation, and I think that the encouraging signals that are arriving should be further encouraged,” he said.
Syria has been under deeply isolating sanctions by the US, the European Union and others for years as a result of Assad’s brutal response to what began as peaceful anti-government protests in 2011 and spiraled into civil war.
HTS led a lightning insurgency that ousted Assad on Dec. 8 and ended his family’s decades-long rule. From 2011 until Assad’s downfall, Syria’s uprising and civil war killed an estimated 500,000 people.
The US has gradually lifted some penalties since Assad departed Syria for protection in Russia. The Biden administration in December decided to drop a $10 million bounty it had offered for the capture of a Syrian opposition leader whose forces led the ouster of Assad last month.
Syria’s new leaders also have been urged to respect the rights of minorities and women. Many Syrian Christians, who made up 10% of the population before Syria’s civil war, either fled the country or supported Assad out of fear of insurgents.