Syrian Pound (595)

22-01-2020

Syrian authorities have announced new penalties for dealing in foreign currencies and closed more than a dozen foreign exchange companies, but also offered a more attractive rate to buy dollars. However, these moves have little chance of stopping the freefall of the Syrian pound.

22-01-2020

The credit and monetary council of the Central Bank of Syria has announced that it will issue new certificates of deposits denominated in Syrian pounds this year.

15-01-2020

The Caesar sanctions bill that was signed into law late last year by the U.S. President will have significant medium and long-term consequences on the Syrian economy, but its shorter-term impact will be less meaningful.

15-01-2020

The value of the dollar in the Syrian foreign exchange market crossed the highly symbolic level of 1,000 pounds this week and is unlikely to retreat any time soon.

08-01-2020

The rate of the U.S. dollar relative to the Syrian Pound in the black market since March 2011.

18-12-2019

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.

11-12-2019

The Central Bank of Syria has introduced a new exchange rate for international organisations operating in Syria, allowing them to change dollars into pounds at a rate well above the official price.

04-12-2019

There was panic in the Syrian foreign exchange market this week as the dollar climbed to nearly 1,000 pounds before retreating slightly.

04-12-2019
The full transcript of the interview of Bashar Al-Assad by French Paris Match magazine on November 28, 2019.

04-12-2019

The Ministry of Economy and the Central Bank of Syria have tightened the conditions to obtain an import licence as they seek to reduce the sale of foreign currencies.

04-12-2019

Syria’s power production utility has reissued two tenders to build two power turbines, a year after the first bidding offer.

21-11-2019

This text regulates rental contracts signed for residential properties before February 2001 and for commercial properties before February 2006. For rental contracts signed after these dates, it is Law No. 6 of 2001 that applies.

21-11-2019

This text regulates rental contracts signed for residential properties after February 2001 and for commercial properties after February 2006. For rental contracts signed before these dates, it is Law No. 20 of 2015 that now applies.

21-11-2019

This text amends the Conscription Law of 2007. The full text of the Law that you can read here has been corrected accordingly.

21-11-2019

This text determines the territorial waters of Syria and their use, including its exclusive economic zone. It is particularly relevant given the country's potential offshore oil and gas resources. This text is translated with its latest amendment.

20-11-2019
This list of tables provides data on the main indicators of Syrian private sector banks as of June 30, 2019.

20-11-2019

The assets of Syria’s private sector banking industry increased by 9.8 percent over the course of the first six months of this year but decreased in dollar terms due to the depreciation of the Syrian pound.

20-11-2019

The economic situation in Syria is growing increasingly chaotic as the Syrian pound continues its freefall and prices rise.

20-11-2019

The government has increased its income from properties rented to the private sector by almost 50 percent this year, confirming the sector’s potential to generate revenues.

20-11-2019
The full transcript of the interview of Bashar Al-Assad by Russia 24 and Rossiya Sevodnya.

13-11-2019

The dollar has crossed the 700-pound level in the Syrian foreign exchange market for the first time on record.

06-11-2019

The text of the interview of Bashar Al-Assad by Syrian state TV on October 31, 2019.

30-10-2019

The US dollar has gained almost 5 percent in the space of a month in the Syrian foreign exchange market, a confirmation that the latest plan by the authorities to prop up their currency has failed.

23-10-2019

This table provides the area used to grow tobacco, the size of the harvest and its value in Syrian pounds and dollars.

09-10-2019

The Central Bank of Syria has ordered a freeze on the bank accounts of Tarif Al-Akhras, one of the country’s most powerful businessmen and a relative of Asma Al-Assad, as well as on those of several other prominent businessmen, a move that seems to confirm the government’s increasing pressures on the business community.

02-10-2019

The Central Bank of Syria has restricted further the list of imported products that it allows banks to finance, reflecting the severe shortage of dollars the country is facing.

02-10-2019

An attempt by the government to push local investors to sell their dollars in order to support the Syrian pound has only highlighted the unpreparedness of the Central Bank of Syria, has little chance of success and risks alienating these businessmen.

25-09-2019

The Central Bank of Syria is trying to push Syrian businessmen to hand over their dollars as part of its drive to curb the depreciation of its currency.

25-09-2019

Bilateral trade between Syria and Turkey declined by around 9 percent in the first half of this year, Turkish official data show.

25-09-2019

The following tables provide a breakdown by country of Syria's exports between 2006 and 2011.

25-09-2019

The following tables provide a breakdown by country of Syria's imports between 2006 and 2011.

18-09-2019

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

18-09-2019

The Central Bank of Syria has issued a circular to local banks asking them to restrict credit facilities they grant to importers, an additional sign of the pressures faced by the economy.

03-09-2019

The Syrian pound has fallen to its lowest level on record relative to the U.S. dollar in the local foreign exchange market.

27-08-2019

Syria’s inflation rate started to increase again at the end of last year although it remained below its post-2011 average.

31-07-2019

Syria’s commission for combating money laundering and the financing of terrorism has issued its 2018 annual report.

17-07-2019

Syria’s inflation rate remained mostly flat up to August last year, according to official data.

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

This text, enacted at the beginning of 2018, establishes a protected area around the Fijeh Springs, which involves the expropriation of real estate within the immediate surrounding of the water canals that transport water from the springs to Damascus.

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.

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.