Prices and trading volumes fell in the Damascus Securities Exchanges last month as Syriatel was removed from one of the exchange’s two indices.
UPDATED on July 30, 2020: Following the closure of Rami Makhlouf’s microfinance bank, Asma Al-Assad is expanding the size and geographic presence of her financial institution.
The Central Bank of Syria has announced that it plans to issue new treasury bonds, confirming that government securities have become a primary tool for raising cash.
Starting August 01, Syrians wishing to return home will have to sell USD 100 at the official exchange rate at the country’s border crossings before they can enter their country.
The two main indices of the Damascus Securities Exchange increased by about 30 percent in the first half of this year, lower than the estimated inflation rate.
The Syrian pound’s freefall and its replacement with the Turkish lira in the Idlib governorate has revealed the extent of the hard-line Islamist group Hayat Tahrir al-Sham’s control over the financial sector in the northwest of the country. An emerging group of financial companies linked to HTS now control a large portion of the cash circulating in Idlib, financial and political sources told The Syria Report.
The Central Bank of Syria has raised SYP 74.3 billion from its latest certificates of deposit issue, while some banks are restricting access to cash.
The Syrian government has once again devalued its currency and reduced the number of imported items it will finance, risking an acceleration of inflation, particularly for food products.
The Caesar Act has hardly been implemented before starting to make its impact felt in Syria: the withdrawal of a Lebanese company from the market has suspended the ATM networks of most private banks operating in the country.
The Central Bank of Syria is issuing new certificates of deposit to raise cash on behalf of the government.
Stock prices and volumes jumped in May and the stock exchange announced the suspension of the Syriatel stock.
The Central Bank of Syria has devalued the Syrian pound in an attempt to close the gap with the black -market rate- but the measure came to no avail, as the currency renewed its downward trend today.
Syrian banks are raising their capital to meet regulatory requirements after a decision banned them from paying dividends.
Insurance premiums in Syria increased last year despite remaining only a fraction of their pre-2011 level in real terms.
The Syrian currency has continued its precipitous decline and is now nearing the 1,600-pound level.


Tax Revision Committees
Damascus Chamber of Commerce
Sinex 2020
Damascus International Fairground