Finance

27-05-2020
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.
20-05-2020
Syrian banks are raising their capital to meet regulatory requirements after a decision banned them from paying dividends.
20-05-2020
Insurance premiums in Syria increased last year despite remaining only a fraction of their pre-2011 level in real terms.
13-05-2020
The Syrian currency has continued its precipitous decline and is now nearing the 1,600-pound level.
06-05-2020
The Central Bank of Syria has increased interest rates on US dollar and euro time deposits to attract more foreign currency into the banking sector.
06-05-2020
April was the first full month during which Coronavirus-related restrictions were implemented in the Damascus Securities Exchange.
15-04-2020
Syria’s anti-money laundering commission, which is a rare financial institution in regular contact with its western counterparts, has published its 2019 annual report.
08-04-2020
The Commercial Bank of Syria has issued its 2018 annual report, shedding some interesting light on the banking sector and on the Syrian economy despite the time that has passed.
08-04-2020
The price of gold, a main store of value for Syrians, has risen sharply in the past few weeks, with one gram of gold now equal to around one month of salary.
01-04-2020
Syria devalued the exchange rate it uses for a broad set of transactions and eased the sale of dollars used to fund key imports last week, as the government seeks to battle both the Covid-19 pandemic and the consequences of the collapse of its currency.
01-04-2020
Share prices in the Damascus Securities Exchange were impacted last month by the spread of the Coronavirus, with trading reduced to one day per week.
25-03-2020
The Central Bank of Syria raised SYP 92.2 billion through certificates of deposit it issued yesterday and sold through an auction.
11-03-2020
The combined assets of Syrian private sector banks increased last year, but this was the result of the growth in the assets of a single bank. Rising inflation also means that in real terms assets declined.
11-03-2020
Updated on March 25, 2020: The Central Bank of Syria is issuing new certificates of deposit to raise funds for the government and is also easing restrictions on cash transfers in and out of the country in a bid to attract more foreign currencies.
04-03-2020
The Central Bank of Syria has said that it repaid the certificates of deposit it issued last year. The payment was made on their maturity date of February 23.

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