Interest in Syria’s securities exchange declined further last month, while two stocks alone attracted more than half of the limited trading.
New taxes by the Ministry of Finance are increasing significantly the price of gold, an important store of value for Syrian households.
The Syrian pound has fallen to its lowest level in a year relative to the dollar and is now close to crossing the 500 mark in the black market.
The Damascus Securities Exchange continued to attract very few investors in October as the daily value of shares traded did not cross the equivalent of USD 182,000.
The U.S. Treasury has finalized a settlement with JP Morgan Chase Bank (JPMC) for its breach of various sanctions regulations and highlighted its transactions with some Syrian individuals under sanctions.
Syria’s insurance companies generated SYP 17.4 billion in premiums in the first half of this year, according to the Syrian Insurance Supervisory Commission.
Syria’s anti-money laundering and combating the financing of terrorism commission issued recently its annual report.
The main index of the Damascus Securities Exchange gained slightly last month as the number and value of transactions also increased.
A state-owned bank has announced that it had succeeded in selling several real estate properties used as collaterals for loans it extended to its defaulting clients.
In a relatively surprise move, the governor of the Central Bank of Syria was dismissed yesterday.
Syrian private sector banks continued to post a modest increase in their main indicators in the first half of this year, as Islamic lenders now represent almost 40 percent of the sector.
The Popular Credit Bank, one of six state-owned banks in the country, said that it was resuming lending to professionals.
Taxes and fees collected by the Syrian Customs Department continued to increase during the first six months of this year.
Syria and Russia are considering the establishment of a trade finance company to bypass western sanctions, a Syrian leading investor has said.
The Credit and Monetary Council of the Central Bank of Syria has changed the interest rates banks pay on their customers’ deposit accounts.


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