Syria to receive new credit package from Iran

An assistant to the Syrian Minister of the Economy and Foreign Trade says Syria hopes to get a new credit line worth around $1 billion

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

A Syrian official has said Syria expects to receive a new credit package worth nearly  $1 billion to buy essential goods and materials.

Hayan Salman, assistant to the Syrian Minister of Economy and Foreign Trade, said on Wednesday Syria hopes to get a credit line worth around to secure the flow of essential goods and materials.

A previous $3.6 billion credit line from Iran was close to being used up, he said.

His comments come a day after Ali Akbar Velayati, a senior adviser to Iranian Supreme leader Ayatollah Ali Khamenei, met Syrian President Bashar al-Assad in Damascus and reiterated Tehran's backing for the Syrian government.

Iran is a staunch supporter of Syrian President Bashar Assad and has supplied his government with billions of dollars since the Syrian conflict began in March 2011.

Tehran extended a $1 billion credit line to Syria to help support the country’s currency in June 2013.

TRTWorld and agencies