Central Bank of Syria (422)

13-12-2016

The value of the Syrian Pound relative to the dollar has increased in the past month as the regime gained ground in the battle over Aleppo and in other parts of Syria.

15-11-2016
The EU has blacklisted 18 new Syrian government officials, in the second such addition to its sanctions list in the space of two weeks.

08-11-2016

While the Syrian Pound continues to lose ground in the local foreign currency market, its rate of decline is slower since the beginning of the summer.

11-10-2016

The visit last week by an Iranian delegation to Damascus marks one of the first major attempts to deepen business ties between the two countries.

11-10-2016

Syria’s 2017 budget is planned to increase by 34 percent to SYP 2.6 trillion, according to a preliminary draft approved last week by the government.

20-09-2016

At least a third of the government expenses last year were funded by long-term borrowing from the Central Bank of Syria, according to a recent report.

13-09-2016

Data from Wikileaks have confirmed that the Central Bank of Syria has deposited significant amounts of its foreign assets in the Russian banking system.

30-08-2016

The Central Bank of Syria has restricted the operations of foreign exchange companies to non-commercial transactions.

30-08-2016

A Syrian pro-regime publication has claimed that a handful of traders control as much as 60 percent of all Syria’s import trade, a report that reflects the tensions existing between Syrian businessmen over the control of import trade.

30-08-2016

The full draft of the Caesar Syria Civilian Protection Act introduced by the Committee on Foreign Affairs of the House of Representatives calling for sanctions against Syrian regime allies and the prosecution of war criminals.

23-08-2016

The Syrian pound is continuing its downward spiral and lost in the last week some five percent of its value relative to the dollar as the Government admits that its foreign currency reserves are now very low.

16-08-2016

The appointment of a new governor at the Central Bank of Syria has coincided with a new increase of the value of the US dollar in the Syrian foreign exchange market.

19-07-2016

The American Congress is working on a bill that would impose additional sanctions on the Syrian regime and its allies and seek to start investigations into the eventual prosecution of war criminals.

19-07-2016

The main points of the Caesar Syria Civilian Protection Act introduced by the Committee on Foreign Affairs of the House of Representatives calling for sanctions against Syrian regime allies and the prosecution of war criminals.

05-07-2016

Syria's balance of payments between 2010 and 2015 based on data from the International Monetary Fund.

04-07-2016

The following is a short profile of the members of the Syrian Government appointed on July 03, 2016.

04-07-2016

Updated on July 05: A new Government was formed in Syria on Sunday, the first in two years.

28-06-2016

The Central Bank of Syria has licensed a new foreign exchange company, the first in two years.

07-06-2016

The decision by the Central Bank of Syria 10 days ago to reduce the supply of Syrian pound liquidities has helped strengthen the value of the national currency but appears unsustainable in the medium and long-term.

31-05-2016

The pound has strengthened significantly relative to the dollar in the past week and is now back to its level of the beginning of the year.

10-05-2016

The US dollar crossed this week the 600-pound level in the Syrian currency market, which is increasingly slipping out of the control of the Central Bank.

26-04-2016

The US dollar has continued to gain ground slowly in the Syrian foreign currency market and is gradually closing on the 600-pound level.

12-04-2016

Syria posted a slight increase in its exports last year to USD 1.4 billion, according to a press report.

29-03-2016

The continued decline of the Syrian pound is creating rising tensions in the market and pushing many Syrian traders to withhold selling their products.

29-03-2016

Foreign currency receipts in 2015 represented only 15 percent of outlays, the Syrian Minister of Finance said, leading to a significant balance of payments deficit.

15-03-2016

The announcement of a Russian withdrawal from Syria has caused panic in the Syrian foreign exchange market leading to a significant drop in the value of the Syrian pound.

01-03-2016

Private investment fell sharply last year in Syria, after a relative respite in 2014, data from a government body indicate.

23-02-2016

The use of the dollar and of gold for transactions or as a reference of value is gaining ground across Syria as the national currency continues to decline.

16-02-2016

The dollar continued to gain in the Syrian foreign exchange market as speculation is believed to weigh increasingly on the value of the Syrian Pound.

09-02-2016

The dollar has crossed, and stabilized above, the 400-pound mark in the Damascus foreign exchange market and sets to remain at these levels for the foreseeable future in spite of Government efforts to restrict imports and demand for foreign currencies.

21-12-2015

The Ministry of Economy has introduced new rules for the financing of imports that it hopes will limit pressure on the Syrian Pound and keep prices stable.

14-12-2015

Banque Bemo Saudi Fransi, the largest Syrian private sector bank, has announced the resignation of its CEO.

07-12-2015

The Ministry of Economy has asked for an increase in the import of raw materials and other inputs needed for the production of essential products at the expense of the import of finished products as part of the efforts of the Government to reduce demand for foreign currencies.

30-11-2015

The dollar continued to climb and reach record levels in the Syrian foreign exchange market this week.

27-11-2015

A Syrian oil industry investor and his company have been blacklisted by the U.S. Administration in a recent update to its sanctions list.

23-11-2015

The Central Bank of Syria said it will adopt new measures to stem the decline in the value of the Pound, while the Government has rejected a proposal to pay salaries in dollars.

09-11-2015

The U.S dollar climbed further in the Syrian foreign currency market this week in spite of attempts by the Central Bank of Syria to curb its rise.

02-11-2015

The Syrian pound has continued its relentless decline as the dollar crossed the 360-pound level and the Euro climbed above 400 pounds this week.

26-10-2015

The U.S. dollar reached a new high today in the Syrian black market, closing at 346 pounds.

14-09-2015

The rise of the dollar seems unstoppable in the Syrian currency market as it crossed today the 330 pound level for the first time on record.

07-09-2015

The value of the U.S. dollar increased again in the Syrian foreign exchange market last week.

31-08-2015

The Syrian Pound has lost further ground to the dollar in the last week and is now trading at above 320 per dollar.

24-08-2015

The assets of Saeb Nahas, one of Syria’s most prominent businessmen, have been frozen according to local media.

17-08-2015

After remaining relatively stable at around 300 pounds for the last two months, the dollar has gained some three percent in the last week in the Syrian foreign exchange market.

20-07-2015

Syria is planning to purchase 200 thousand tons of liquefied petroleum gas from Russia, using a shipping route through Crimea to conceal the supplier’s identity.

06-07-2015

The dollar has edged past the 300 pound level again as the Central Bank of Syria has issued new one-thousand pound notes without the picture of Hafez Al-Assad.

06-07-2015

Syria’s trade deficit remained extremely large during the first half of this year as exports represented less than 7.5 percent of the value of imports, official data show.

08-06-2015

Al-Baraka Bank Syria, an Islamic lender, opened on May 28 a branch in Tartous, the bank’s second in less than six months in the coastal area.

25-05-2015

For the second week in a row, the US dollar has climbed in the Syrian foreign currency market.

18-05-2015

After a respite of ten days, the Syrian Pound lost some ground against the dollar to be traded at around 280 in Damascus.