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.
Preliminary data indicate that premiums generated by private sector insurance companies grew by around a third in the first half of this year.
Data from Wikileaks have confirmed that the Central Bank of Syria has deposited significant amounts of its foreign assets in the Russian banking system.
Syria’s government has given more details on its annual budget to pay compensations to pensioners from the public sector, both civilians and members of the armed forces, and their families.
The month of August saw a slight increase in the Syrian stock market index and in the value of shares traded.
The Central Bank of Syria has restricted the operations of foreign exchange companies to non-commercial transactions.
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.
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.
The main index of the Damascus Securities Exchange remained mostly unchanged in July.
Bank Audi, Lebanon’s largest commercial bank, is changing the commercial name of it Syrian affiliate in an apparent bid to distance itself from the Syrian market.
ISIS has reportedly begun to mint and circulate its own currency while its revenues from oil are falling.
Syria’s customs revenues increased in the first half of this year as a consequence of the decline in the value of the pound relative to the dollar.
The volume and value of shares traded in the first half of this year in the Damascus Securities Exchange more than doubled compared to the same period of 2015.
The Central Bank of Syria has licensed a new foreign exchange company, the first in two years.
Banque Bemo Saudi Fransi, Syria’s largest private sector commercial bank, has announced the appointment of a new CEO.


Export Financing
Damascus Chamber of Commerce
Taxation in Syria
Damascus Chamber of Commerce