Central Bank of Syria (416)

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

Syria’s wheat purchasing body has cancelled a wheat import tender as the government cited difficulties paying importers.

30-10-2019

The US dollar has gained almost 5 percent in the space of a month in the Syrian foreign exchange market, a confirmation that the latest plan by the authorities to prop up their currency has failed.

16-10-2019

Only a few days after ordering a freeze on the bank accounts of several prominent investors, the Central Bank of Syria reversed its decision, increasing uncertainty and making it very hard to understand its strategy.

09-10-2019

The Central Bank of Syria has ordered a freeze on the bank accounts of Tarif Al-Akhras, one of the country’s most powerful businessmen and a relative of Asma Al-Assad, as well as on those of several other prominent businessmen, a move that seems to confirm the government’s increasing pressures on the business community.

02-10-2019

The Central Bank of Syria has restricted further the list of imported products that it allows banks to finance, reflecting the severe shortage of dollars the country is facing.

02-10-2019

An attempt by the government to push local investors to sell their dollars in order to support the Syrian pound has only highlighted the unpreparedness of the Central Bank of Syria, has little chance of success and risks alienating these businessmen.

25-09-2019

The Syrian authorities are putting more pressure on Syriatel, the country’s largest private sector company, The Syria Report has learned.

25-09-2019

The Central Bank of Syria is trying to push Syrian businessmen to hand over their dollars as part of its drive to curb the depreciation of its currency.

18-09-2019

Syria’s gold market remains disrupted by tensions between goldsmiths and the Ministry of Finance, unstable prices and the spread of unmarked gold.

18-09-2019

The Central Bank of Syria has issued a circular to local banks asking them to restrict credit facilities they grant to importers, an additional sign of the pressures faced by the economy.

03-09-2019

The Syrian pound has fallen to its lowest level on record relative to the U.S. dollar in the local foreign exchange market.

28-08-2019

The annual percentage change in the consumer price index in Syria since 2010.

31-07-2019

Several security incidents affected Syrian financial companies located in government-held areas, highlighting the continued insecure environment for businesses.

31-07-2019

Syria’s commission for combating money laundering and the financing of terrorism has issued its 2018 annual report.

24-07-2019

The government is forcing importers to sell part of the products they import to state entities at cost price in bid to limit inflation on consumer goods.

17-07-2019

Syria’s inflation rate remained mostly flat up to August last year, according to official data.

16-07-2019

The Syrian Financial Intelligence Unit (SFIU), a body affiliated to the Central Bank of Syria, attended for the first time in years the annual plenary meeting of the Egmont Group.

16-07-2019

The Federation of Syrian Chambers of Commerce has established a new body called the Central Committee for Exports (CCE) to promote exports only weeks after the Syrian Exporters Federation was dissolved.

08-07-2019

The following decision and its implementation instructions regulate investment in Syria's tourism sector.

03-07-2019

The first private sector photovoltaic solar power plant has started producing in the Industrial City of Hessia (ICH) and has been connected to the national electricity grid, a government official has said.

02-07-2019

The government has announced that it plans to issue treasury bills before the end of the year to fund its budget deficit.

25-06-2019

Motor Show, a trade fair dedicated to the automobile sector, was held in the Damascus Fairgrounds between June 13 and 17 for the first time since 2011.

25-06-2019

Hazem Qarfoul, the governor of the Central Bank of Syria, has implicitly admitted that defending the value of the Syrian pound in the foreign exchange market was no more a priority.

19-06-2019

The dollar has crossed the 600 level in the Syrian foreign currency market as the pound fell to its lowest level in three years.

12-06-2019

The list below includes all the Syrian individuals, entities, aircrafts and vessels that have been put under sanctions by the U.S. Administration since 2005.

12-06-2019

A plan by the government to force again exporters to hand back their foreign currency revenues to the Central Bank is creating tensions between manufacturers and traders.

29-05-2019

Cham Bank, a Syrian institution under sanctions by the U.S., has said that it sponsored one of the most prominent banking events in the Middle East region.

22-05-2019

The list below includes the names of all the individuals that have been blacklisted by the European Union since the beginning of the Syrian uprising in March 2011.

22-05-2019

The list below includes the names of all the Syrian entities that have been blacklisted by the European Union since the beginning of the uprising in March 2011.

22-05-2019

The European Union has renewed for one year its set of sanctions on Syria and delisted several individuals and entities.

14-05-2019

Three investment banks captured three quarters of the small Syrian brokerage market for stocks last year.

08-05-2019

Updated on October 01, 2019: The Central Bank of Syria issued late April a list of goods it says should be prioritized for imports.

07-05-2019

Syria and Iran held on May 1st the sixth edition of a joint business forum as Tehran seeks to capitalize on its support to the regime to gain more benefits for its companies.

23-04-2019

The shortages of energy products are increasing economic hardship for Syrians and posing various types of economic and public services challenges.

10-04-2019

A very rare public spat has highlighted tensions between Samer Foz and Rami Makhlouf, Syria’s two most powerful business cronies.

09-04-2019

The Commercial Bank of Syria has announced a change in the interest rates it pays on foreign currency deposit accounts.

03-04-2019

Nour Microfinance, Rami Makhlouf’s latest venture, is set to start its operations.

27-03-2019

The following is the OFAC advisory warning actors of the global maritime industry involved with supplying oil to Syria. This text is published following its update of March 25, 2019.

26-03-2019

Several Syrian banks have reopened a branch in the southern city of Daraa as they start a slow expansion of their network.

20-03-2019

The details of the Syrian budget, which we publish this week, shed some light on the government expenditure structure, but also on some misleading numbers.

20-03-2019

The Syrian pound has continued to slide in the foreign exchange market and has lost some 2.6 percent relative to the dollar since the beginning of the month.

20-03-2019

A full breakdown of Syria's 2019 budget with current and investment expenses detailed for each item in the budget.

12-03-2019

Syria's Central Bank has raised interest rates on time dollar and euro deposit accounts by 1 percent to attract more deposits in the banking system.

06-03-2019

Two state-owned banks have announced new lending schemes as the government seeks to kickstart the economy.

27-02-2019

The relatively stable situation in most of Syria has reflected positively on the performance of Syrian banks, which have broadly reported an improvement in their financial results last year.

27-02-2019

The Central Bank of Syria has raised SYP 130.8 billion, USD 244.5 million at the current market exchange rate, for its first issue of certificates of deposit.

18-02-2019

This law is a key part of the legal corpus dedicated to the real estate sector that the Syrian government has been developing in the past few years.

06-02-2019

The Central Bank of Syria has announced that it will issue certificates of deposits later this month for the first time in its history, as the government seeks to raise funds to pay for its expenses.

05-02-2019

The Syrian pound is resuming its downward slide and has already lost some six percent of its value relative to the dollar since the beginning of the year.