Finance

12-02-2020
The Central Bank of Syria has expanded the use of a devalued exchange rate as it seeks to lower pressure on the pound in the black market.
12-02-2020
The government’s first issue of treasury bonds this year received lukewarm support from the local banking sector.
05-02-2020
The Central Bank of Syria has issued the implementation instructions for the government’s recent decision requiring that the sale of real estate properties and cars be conducted through the banking system.
05-02-2020
The Damascus Securities Exchange started the year with a mixed performance despite a rise in its two main indexes.
29-01-2020
Starting in mid-February, Syrians selling or buying their homes or cars will need to conduct their transactions through a bank account, and not in cash, following a government decision.
29-01-2020
The Commercial Bank of Syria, the country’s largest bank, has slightly decreased the interest rates it pays on USD time deposit accounts.
29-01-2020
The Ministry of Finance has announced a timetable to sell SYP 300 billion worth of Treasury bonds in 2020, the first such issues in nine years.
22-01-2020
Syrian authorities have announced new penalties for dealing in foreign currencies and closed more than a dozen foreign exchange companies, but also offered a more attractive rate to buy dollars. However, these moves have little chance of stopping the freefall of the Syrian pound.
22-01-2020
The credit and monetary council of the Central Bank of Syria has announced that it will issue new certificates of deposits denominated in Syrian pounds this year.
22-01-2020
A financial brokerage company that is believed to be linked to Samer Foz has been licenced in Damascus, the first such company to start operating since 2011.
15-01-2020
The Real Estate Bank has announced that it generated profits in 2019 for the second year in a row, after years of losses.
15-01-2020
The value of the dollar in the Syrian foreign exchange market crossed the highly symbolic level of 1,000 pounds this week and is unlikely to retreat any time soon.
08-01-2020
The year 2019 came to a disappointing close for the Damascus Securities Exchange, which saw its main index decline for the first time in four years.
08-01-2020
Turkey’s Post and Telegraph Organisation (PTT) has opened two mobile branches in Tal Abyad and Ras Al-Ayn, the sixth and seventh it has opened in parts of northern Syria controlled by its proxies.
18-12-2019
Syria’s northern areas under Turkish control are planning to expand the use of the Turkish lira in place of the Syrian pound, a move that will entrench Ankara’s control and integrate these areas with the Turkish economy while limiting losses linked to the depreciation of the Syrian pound.

Events

Carnegie Event - A Horizon for the Syrian Solution
Carnegie Middle East Center
Assessing the Price of Imported Goods
Damascus Chamber of Commerce