Central Bank of Syria (403)

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

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

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

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

Noor 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.

29-01-2019

Syria’s state banks have improved the recovery rate of their bad debts, but loans worth billions of dollars will never be paid back.

11-12-2018

Several decisions issued by the Central Bank of Syria will increase lending by, and credit risks for, the banking sector although they also show the influence of powerful investors in the Central Bank’s decision-making process.

13-11-2018

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.

23-10-2018

Syria’s 2019 budget is planned to increase by some 21.8 percent on an annual basis.

17-10-2018

This legislative decree was initially part of a set of legal texts that contributed to the liberalization of the banking sector.

09-10-2018

Syria’s PM, Imad Khamis, visited last week the two coastal provinces of Tartous and Lattakia where he inaugurated a host of projects including the first government project or building to be named after Bashar Al-Assad.

02-10-2018

Syria’s anti-money laundering and combating the financing of terrorism commission issued recently its annual report.

02-10-2018

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.

25-09-2018

In a relatively surprise move, the governor of the Central Bank of Syria was dismissed yesterday.

18-09-2018

The Popular Credit Bank, one of six state-owned banks in the country, said that it was resuming lending to professionals.

04-09-2018

The Credit and Monetary Council of the Central Bank of Syria has changed the interest rates banks pay on their customers’ deposit accounts.

04-09-2018

In a public meeting, the Syrian Prime Minister gave a bleak assessment of the impact of the war on the country’s foreign currency reserves and economic assets.