certificates of Deposit (27)

24-06-2020

The Central Bank of Syria has raised SYP 74.3 billion from its latest certificates of deposit issue, while some banks are restricting access to cash.

10-06-2020

The Central Bank of Syria is issuing new certificates of deposit to raise cash on behalf of the government.

25-03-2020

The Central Bank of Syria raised SYP 92.2 billion through certificates of deposit it issued yesterday and sold through an auction.

11-03-2020

Updated on March 25, 2020: The Central Bank of Syria is issuing new certificates of deposit to raise funds for the government and is also easing restrictions on cash transfers in and out of the country in a bid to attract more foreign currencies.

04-03-2020

The Central Bank of Syria has said that it repaid the certificates of deposit it issued last year. The payment was made on their maturity date of February 23.

12-02-2020

The government’s first issue of treasury bonds this year received lukewarm support from the local banking sector.

29-01-2020

The Ministry of Finance has announced a timetable to sell SYP 300 billion worth of Treasury bonds in 2020, the first such issues in nine years.

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.

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.

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.

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.

07-08-2018

The government has allowed the Central Bank of Syria to issue certificates of deposits denominated in dollars.

01-04-2013

The Syrian Pound lost again some ground last week against the US dollar and other foreign currencies in the black market.

25-03-2013

The governor of the Central Bank of Syria has said that the USD 1 billion credit line recently received from Iran was helping his institution defend the Syrian Pound.

05-05-2011

The Central Bank of Syria has announced a 2 percent average increase in interest rates in a bid to prop up the national currency.

05-04-2010
Syria’s economy should be strengthening in the coming years although a delay in global recovery or faltering reform could worsen its outlook, according to the IMF.
10-11-2008

The Social Security Organization (SSO) has invested actively in the last few years in private sector firms.

12-02-2007

The Industrial Bank of Syria has gained some breathing space and will be on the offensive again this year, according to Anis Al-Maaraoui, Director General of the Bank.

17-01-2006

Profits of the Real Estate Bank (REB) doubled in 2005 according to Mulham Dibo, its director-general.

17-12-2005

The Real Estate Bank has issued Syria’s first certificates of deposits. The state-owned bank is issuing CDs for the following amounts: SYP 500 000, SYP 1 000 000, SYP 5 000 000, SYP 10 000 000, SYP 25 000 000 and SYP 50 000 000.

17-12-2005
The Syrian pound has stabilized and regained some ground after the easing of international political pressure on Syria.
01-12-2005

The Syrian pound remains shaky as the country’s political perspectives remain very cloudy. On November 30th, the US dollar was selling at SYP 57.75, lower from its peak of SYP 60.00 it reached on the 24th of the month but yet stronger than the ra...

15-11-2005
The defiant speech from the Syrian President on November 10 has led to a slide in the value of the Syrian currency amid fears that international sanctions were looming.
01-10-2005
The tensed political situation in Syria has pulled down the value of the Syrian pound before a series of measures from the Central Bank helped it recover its value.