Finance

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.
04-03-2020
The two indices of the Damascus Securities Exchange made significant gains last month after the country’s two largest banks posted positive performances in 2019.
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.

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