Finance

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.
11-12-2019
The Central Bank of Syria has introduced a new exchange rate for international organisations operating in Syria, allowing them to change dollars into pounds at a rate well above the official price.
04-12-2019
There was panic in the Syrian foreign exchange market this week as the dollar climbed to nearly 1,000 pounds before retreating slightly.
04-12-2019
Syria’s two stock exchange indices declined last month, reflecting investors’ negative perceptions of the economy’s prospects.
20-11-2019
The assets of Syria’s private sector banking industry increased by 9.8 percent over the course of the first six months of this year but decreased in dollar terms due to the depreciation of the Syrian pound.
13-11-2019
The dollar has crossed the 700-pound level in the Syrian foreign exchange market for the first time on record.
13-11-2019
The average wealth of Syrians in 2019 stood at around a fifth of what it was in 2010, according to a report on the wealth of populations across the globe.
06-11-2019
Despite listing three of the country’s largest companies over the past several months, total trading value in the Damascus bourse barely reached USD 1 million in October.