Syrian Pound (461)

02-01-2018

The rate of the U.S. dollar relative to the Syrian Pound in the black market since March 2011.

02-01-2018

In December, the Syrian pound fell again relative to the dollar, reducing further confidence in the national currency and the Central Bank of Syria.

28-11-2017

The Syrian Pound gained more than 14 percent relative to the dollar in the space of one week as it comes close to the 400-pound level.

21-11-2017

The financial results of some of Syria’s largest companies show an increase in revenues across the board, albeit from very low levels.

07-11-2017

The Central Bank of Syria has raised the official rate of the Syrian Pound relative to the dollar as the national currency continued to gain ground recently.

24-10-2017

Syria’s inflation rate remained high in 2016 official data show, although the increase in prices began to decelerate by the last quarter of the year.

10-10-2017

The Ministry of Domestic Trade has decreased the price of several food items as the improvement in the value of the pound helps reduce import costs.

26-09-2017

The Syrian Government’s drive to collect more revenues from its real estate properties has started to generate some results, government officials have said, as another source of revenues being considered is an increase in taxation on properties.

19-09-2017

The value of the Syrian pound relative to the dollar continued to rise in recent weeks although the trend is unlikely to last.

19-09-2017

The Syrian Prime Minister has criticized his predecessor for spending 14 billion dollars of foreign currency reserves, while announcing the doubling of a tax dedicated to finance reconstruction.

12-09-2017

The revenues of Syriatel, one of the country’s two mobile phone operators, surged in the first half of this year to more than twice those of its sole competitor, while the launch of a third Iranian-led operator appears to have been postponed.

29-08-2017

The expected reopening of the Syrian-Jordanian border crossing will bring significant benefits to the Syrian economy.

29-08-2017

The relative stable situation in vast parts of western Syria have enabled private commercial banks in the first half of this year to post a slight improvement in their main indicators.

29-08-2017

This list of tables provides data on the main indicators of Syrian private sector banks as of June 30, 2017.

14-08-2017

Lebanon’s BLOM has said that it deconsolidated its Syrian operations in order to protect itself from international sanctions.

08-08-2017

One of Syria’s most powerful cronies has taken a key business interest in the most lucrative real estate developments in the Syrian capital.

21-07-2017

Updated on July 21, 2017: Syria’s private commercial banks, which saw last year their assets fall to a fraction of what they were in 2010 and now barely breakeven, are unable to finance any meaningful reconstruction drive.

17-07-2017

Revenues from the customs department, which represents a rare source of stable government revenues, increased again in the first half of this year, according to an official.

04-07-2017

The Central Bank of Syria has started circulating a new banknote, for the first time with the face of Bashar Al-Assad on it.

13-06-2017

In the past six weeks, the Syrian pound has gained ground relative to the U.S. dollar, bringing it back to its level of six months ago.

06-06-2017

The Syrian Government has requested public sector entities to prioritise local suppliers at the expense of foreign ones in a bid to save scarce foreign currencies.

23-05-2017

A full breakdown of Syria's 2017 budget with current and investment expenses detailed for each item in the budget.

23-05-2017

A summary of the main expense and revenue items of the 2017 budget.

23-05-2017

The purchase price of wheat and barley by the Syrian Government from farmers.

23-05-2017

The Islamic State is banning the use in its territory of any currency other than its own Dinar in an apparent bid to collect as much dollars as possible from the market before a potential withdrawal.

22-05-2017

The Syrian government has increased the price it is paying farmers for their wheat to ensure it can procure as much of the local crop as possible but the opposition is countering with an even higher offer.

09-05-2017

Syria’s exports contracted further in the first quarter of this year, according to a government official.

02-05-2017

In this 2,500-word factsheet, we provide an overview of Syria’s economic and financial relations with Russia.

18-04-2017

The monthly income required to meet the basic needs of an average household in Damascus increased by around 7 percent in the past three months, according to a local paper.

18-04-2017

The Central Bank of Syria is reportedly considering issuing dollar-denominated treasury bonds to finance the import of energy products, a prospect that could reflect a disconnect of the financial authorities with economic and political realities.

04-04-2017

The Syrian President has sacked Adib Mayaleh, the Minister of Economy, as part of a small government reshuffle, ending the political career of a long-time regime servant.

28-03-2017

Surprise attacks last week by the opposition in Damascus and Hama will do little to change the balance of power on the ground but much to highlight the weak hold of the regime over the country and the unlikeliness of the return of stability in the absence of a political deal.

21-03-2017

The government has announced a sharp increase in the price of fertilizers, a decision that is likely to hit Syria’s agricultural output.

14-03-2017

The Syrian government has imposed a sharp increase in the price of medicines, adding a significant burden on the population.

07-03-2017

Syrian manufacturers that are able to pay in foreign currency will be given priority when buying oil products, a rare instance of the government encouraging the use of the dollar in the domestic market.

21-02-2017

While a Syrian company announced last week the beginning of production and sale of two new cars assembled locally, the Government still struggles to attract back manufacturers.

21-02-2017

The Syrian President has issued a law aiming at clamping down more severely on illegal quarries and raising government revenues from them.

14-02-2017

The Syrian Minister of Economy has said that western companies will not benefit from reconstruction contracts unless their governments apologised to the Syrian people.

07-02-2017

The following text is the english translation of a Syrian draft constitution written by the Russian government.

07-02-2017

Byblos Bank has announced that it was writing off its Syria investment and deconsolidating its operations there.

31-01-2017

The following table provides data on traffic in Syria's two commercial ports of Lattakia and Tartous between 2006 and 2016.

31-01-2017

The release of the preliminary financial statements of Syria’s listed companies provides an initial picture on the performance of Syrian businesses last year.

30-01-2017

The expected takeover by Iran of one of Syria’s ports has not yet materialised as traffic remained stable in the two ports of Lattakia and Tartous.

24-01-2017

The Ministry of Finance’s Large Taxpayers Unit again posted an increase in its revenues measured in Syrian pounds, according to a government official.

17-01-2017

A new weekly owned by a local businessman has started publishing in Damascus.

03-01-2017

Next year, Syria could witness the first annual increase in its gross domestic product since the beginning of the uprising six years ago, although no serious reconstruction effort will start.

03-01-2017

Revenues from the customs department increased by around two thirds last year, representing now a meaningful source of income for the Syrian treasury.

13-12-2016

A deal reached today to end all fighting and evacuate both armed rebels and civilians from eastern Aleppo marks the effective end of the battle of Aleppo and the victory of the Syrian regime and its allies.

13-12-2016

The value of the Syrian Pound relative to the dollar has increased in the past month as the regime gained ground in the battle over Aleppo and in other parts of Syria.

13-12-2016

The text of the interview of Bashar Al-Assad by Syrian daily newspaper Al-Watan on December 08, 2016.