Central Bank of Syria (473)


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


The sale of large amounts of dollars by the Central Bank of Syria in the last week helped the Syrian Pound recover to around 250 per dollar from over 300 only ten days ago.


After spending large amounts of dollars in the market, the Central Bank of Syria has managed in the last two days to strengthen spectacularly its currency.


The dollar accelerated last week its gains against the Syrian pound, crossed the 300 pounds level, and is now traded at its highest level on record.


The Syrian Pound has lost further ground against the dollar last week and is likely to fall below 300 per dollar, its lowest level ever.


The United States has blacklisted one Syrian official and three companies based in Syria and Lebanon for their support to the Syrian regime.


The Syrian pound has continued its gradual decline last week, a trend that was reinforced by the fall of Idlib outside regime control.


The Syrian Pound has continued its decline, shedding around four percent relative to the dollar in the last month.


The Syrian Government is trying to limit the demand for dollars and pressures on its currency by restricting import licenses, the Minister of Economy said.


The Syrian Pound last week has continued to decline relative to the US dollar and was traded at up to 240 per dollar today in the black market.


The Syrian Pound continued its slow but steady decline against the dollar last week.


The Syrian Pound is declining again against the dollar after several weeks of stability.


The Syrian government is requiring owners of gold bars to register them with the Central Bank of Syria.


While the results of the visit last week to Tehran of Syrian Prime Minister Wael Halqi are not yet clear, the growing dependency of Damascus on its ally is increasingly obvious.


After a turbulent week, the Syrian Pound has managed to recover most of its losses against the US dollar.


The announcement last week by the Central Bank of Syria that it planned to pump more than USD 150 million this week to prop up the pound has done little to reassure markets or to strengthen the value of the national currency.


After holding steady for several weeks the Syrian Pound lost again last week some ground relative to the U.S. dollar.


Adib Mayaleh, the governor of the Central Bank of Syria, who also answers to the French name of André Mayard, lost a bid to remove sanctions imposed on him by the European Union.


Syria’s exports are currently at some 10 percent of their level four years ago, the head of a government body said.


The U.S. Government has blacklisted several companies based in Cyprus and Lebanon for providing material support to the Syrian Government.


In the last two weeks, the value of the Syrian pound stabilized in the foreign currency market as the Central Bank of Syria continued to sell dollars.


The Government has allowed the private sector to import gas oil and fuel oil for the benefit of manufacturing companies as it seeks to alleviate shortages in the market.


The Syrian pound is continuing to lose ground against the dollar, in spite of significant interventions by the Central Bank in the Syrian currency market.


The dollar stabilized in the Syrian foreign currency market last week, although this required the Central Bank of Syria to pour significant amounts of dollars in the market.


A report by a UN-affiliated body has provided a dramatic picture of Syria’s main economic and social indicators, three and a half years after the beginning of the popular uprising.


The Syrian Pound fell last week to its lowest level in more than a year before a strong intervention by the Central Bank of Syria helped limit the losses.


The US dollar continued to climb in the Syrian foreign currency market, rising to 180 pounds per dollar for the first time in some four months.


The Syrian Pound continued last week its decline relative to most foreign currencies.


The Central Bank of Syria is decreasing gradually the official value of the Syrian Pound to help limit the attractiveness of the dollar in the black market.


Following months during which its value remained relatively stable compared to the dollar, the Syrian Pound has lost again some ground.


Russia will provide a grant worth several hundred million dollars to the Syrian Government under an agreement signed last May.


The Central Bank of Syria has revoked the licence of an important moneychanger in Damascus as part of the drive of the Syrian authorities to maintain a grip on the currency market.


Around half of the Iranian credit line granted to the Syrian Government last year has been spent, according to a Syrian banker.


The Syrian Government has issued a decision requesting exporters to refund half of their foreign currency proceeds to the Central Bank.


The US Treasury has blacklisted a number of new individuals and entities for their support of the Syrian regime, including a Russian bank.


The Syrian Pound recovered in the last few days some of the ground lost against the dollar in previous weeks.


In spite of the intervention of the Central Bank of Syria, the dollar continued last week to gain ground against the Syrian Pound.


The Central Bank of Syria has closed two foreign exchange traders as part of its campaign to clamp down on the black market.


For the first time in more than two months, the Syrian Pound lost in the last few days some ground against the US dollar.


The visit to Tehran last week by the Syrian Prime Minister and a government delegation drew little apparent economic results.


The Syrian Pound lost last week some of the ground it gained against the dollar in the previous week.


The Syrian pound surged in recent days against the dollar, going back to levels not seen in months.


The Syrian authorities are closing the country’s foreign exchange companies as part of a clampdown on black market dealers.


The foreign reserves of the Syrian government declined significantly at the end of 2011, confirming the rapid depletion of foreign currencies held by the Central Bank of Syria after the beginning of the uprising.


The Central Bank of Syria last week continued to reduce the value of the Syrian Pound relative to the dollar while the market rate remained unmoved by the latest political developments.


The Central Bank of Syria has continued to devalue the formal rate of its currency, while tension in the black market receded somewhat in recent days.


A Presidential decree issued on Sunday has banned all commercial transactions in any currency other than the Syrian pound, in a bid to stem the decline of the local currency.


Iran and Syria formalised last week an agreement for the disbursement of some USD 3.6 billion of Iranian funds to Damascus that will be used to purchase oil products.


Syria’s official inflation rate remained above 50 percent in the first two months of this year although actual price increases are believed to be much higher.