Goldsmith (9)


Syria’s anti-money laundering and terrorism financing commission conducted dozens of missions targeting the black market in foreign exchange last year as the government sought to stem the local currency’s slide, according to its recently released annual report.


Gold prices in Syria are up more than 288 percent year-on-year amid volatility in global prices and a slide in the value of the local currency, which reached a historic low this week.


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 price of gold, a main store of value for Syrians, has risen sharply in the past few weeks, with one gram of gold now equal to around one month of salary.


Syria’s northern areas under Turkish control are planning to expand the use of the Turkish lira in place of the Syrian pound, a move that will entrench Ankara’s control and integrate these areas with the Turkish economy while limiting losses linked to the depreciation of the Syrian pound.


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


New decisions in the northern Aleppo countryside confirm that the region is being increasingly linked to Turkey.


This table lists the participants at the Brussels meeting on March 12-14, 2019 (Supporting the Future of Syria and the Region - Brussels III Conference).


New taxes by the Ministry of Finance are increasing significantly the price of gold, an important store of value for Syrian households.