Claim FALSE

No truth to a statement attributed to Syria's finance minister valuing the sovereign fund at $50bn

No truth to a statement attributed to Syria's finance minister valuing the sovereign fund at $50bn

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The British newspaper "Financial Times" published a report claiming that the Syrian finance minister last year valued the assets of the Syrian sovereign fund at $50 billion.

The Financial Times report on the Syrian sovereign fund

The Kashaf team verified the circulating reports by searching open sources and reviewing official statements, and found that the official news agency "SANA" quoted the media department at the Ministry of Finance denying these reports, stressing that the minister did not state any figure relating to the value of the fund's property or assets.

The ministry explained that the figures circulating on this matter do not rest on any statement or official announcement issued by it.

Why is the report false?

Invented statements: The claim rested on attributing figures to the Syrian finance minister about the value of the sovereign fund's assets without relying on any official sources or data, while the Ministry of Finance denied that the minister made any such statement, which makes the report false.