Central Bank of Syria (473)


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.


A delegation of high-ranking Syrian officials visited Moscow last week to meet with Russian diplomatic and technical officials and push forward a wide-ranging economic agreement which is due to be settled in December.


The United States has added more names to its sanctions list and specifically targeted prominent warlord-turned businessman Khodr Ali Taher.


The Central Bank of Syria has provided data on the performance of the banking sector as a whole, including that of state-owned banks.


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.


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


The Syrian government has issued a decision forcing all importers of a large list of goods to resell five percent of their imports at cost to an entity affiliated with the Ministry of Defence.


The Central Bank of Syria has repaid certificates of deposits maturing on September 23.


The Central Bank of Syria allowed local banks to resume lending facilities to their clients on September 08 after a suspension of three months.


UPDATED on September 09, 2020: A Kuwaiti-listed company is divesting from a leading Syrian bank, reportedly to the benefit of the rising Ibrahim family.


The Central Bank of Syria has raised SYP 150 billion by issuing treasury bonds through an auction held on August 10. However, the number of banks that subscribed to the issue was the lowest since the country started issuing treasury securities.


UPDATED on July 30, 2020: Following the closure of Rami Makhlouf’s microfinance bank, Asma Al-Assad is expanding the size and geographic presence of her financial institution.


The Central Bank of Syria has announced that it plans to issue new treasury bonds, confirming that government securities have become a primary tool for raising cash.


Starting August 01, Syrians wishing to return home will have to sell USD 100 at the official exchange rate at the country’s border crossings before they can enter their country.


The Syrian government has continued its campaign against Rami Makhlouf, effectively ending the operations of two more of his best-known business ventures, including his oldest and most recent ones, within a couple of days.


The Central Bank of Syria has raised SYP 74.3 billion from its latest certificates of deposit issue, while some banks are restricting access to cash.


The Syrian government has once again devalued its currency and reduced the number of imported items it will finance, risking an acceleration of inflation, particularly for food products.


The Caesar Act has hardly been implemented before starting to make its impact felt in Syria: the withdrawal of a Lebanese company from the market has suspended the ATM networks of most private banks operating in the country.


Competition for the purchase of the wheat crop is growing in Syria, with the rapid depreciation of the national currency forcing all actors to revise their prices and budgets.


The Central Bank of Syria is issuing new certificates of deposit to raise cash on behalf of the government.


Updated on June 17, 2020: The number of people who tested positive with the Coronavirus in Syria climbed by 23 last week to 146, up from 123 a week ago, while the number of recoveries increased to 62 from 50 and the number of deaths remained unchanged at six.


The Syrian currency collapsed last week, crossing both the 2,000 and 3,000 pound-per-dollar thresholds within a few days and creating panic in the market. The consequences on living conditions in Syria will be dramatic.


Stock prices and volumes jumped in May and the stock exchange announced the suspension of the Syriatel stock.


The Central Bank of Syria has devalued the Syrian pound in an attempt to close the gap with the black -market rate- but the measure came to no avail, as the currency renewed its downward trend today.


Syrian banks are raising their capital to meet regulatory requirements after a decision banned them from paying dividends.


The Syrian government has announced that it will allocate the equivalent of 11 percent of its budget to purchase the local wheat harvest.


The Syrian currency has continued its precipitous decline and is now nearing the 1,600-pound level.


The Syrian government said this week that it will start disbursing money to some 20,000 unemployed people, its first financial aid programme since the spread of the Coronavirus in Syria.


The rise of Rami Makhlouf as Syria’s most prominent businessman coincided with the ascent to power of Bashar Al-Assad in 2000. Given his long history of influence within the ruling elite, Mr Makhlouf’s recent side-lining raises many questions about the potential implications of his fall from grace.


The Central Bank of Syria has increased interest rates on US dollar and euro time deposits to attract more foreign currency into the banking sector.


On March 04, Syrian President Bashar Al-Assad headed for the first time a meeting of the task force formed to confront the Coronavirus.


This article is an updated and expanded factsheet on the economic and business relations between Syria and Russia as of April 2020.


The Syrian minister of health has acknowledged the minuscule number of daily Covid-19 tests being carried out, while the economic consequences of the crisis appear to be increasingly serious.


Syria’s anti-money laundering commission, which is a rare financial institution in regular contact with its western counterparts, has published its 2019 annual report.


The Commercial Bank of Syria has issued its 2018 annual report, shedding some interesting light on the banking sector and on the Syrian economy despite the time that has passed.


Syria devalued the exchange rate it uses for a broad set of transactions and eased the sale of dollars used to fund key imports last week, as the government seeks to battle both the Covid-19 pandemic and the consequences of the collapse of its currency.


On March 30, the Ministry of Health announced the death of a second person from the Coronavirus, out of a total of ten positive cases, while the government added new measures to limit the spread of the virus.


Share prices in the Damascus Securities Exchange were impacted last month by the spread of the Coronavirus, with trading reduced to one day per week.


The Central Bank of Syria raised SYP 92.2 billion through certificates of deposit it issued yesterday and sold through an auction.


Updated on March 31, 2020: Syria reported its first cases of Coronavirus and accelerated preparations to limit the spread of the pandemic and mitigate its economic, social and health impacts, as the dollar gained almost 20 percent in the black market.


In this 4,000-word factsheet we provide an overview of Syria's renewable energy sector with a list of the main investment projects so far and the text of the renewable energy strategy adopted by the government last year.


The government’s decision to increase the price of fertilisers will impact the agricultural sector, which is already facing various other challenges.


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.


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.


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.


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.


The Syrian government has adopted several decisions to ease import trade finance, put a lid on inflation and reduce pressure on the Syrian currency.


A full breakdown of Syria's 2020 budget with current and investment expenses detailed for each item in the budget.


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.


The Syrian Grain Establishment has cancelled two tenders for a total of 350,000 tons of soft milling wheat, an indication that it is facing payment difficulties.