Finance

31-12-2001
The Commercial Bank of Syria has set Monday, January 7, as the last day it will buy back the former European currencies and convert them into Euros.
31-12-2001
97 percent of loans funded by Syria's Industrial bank go to the private sector, with a mere 3 percent going to the public industrial sector.
24-12-2001
The rate of the Syrian pound to the Euro, the new European currency, will be fixed according to the rate of the pound to the US dollar.
24-12-2001
On January 1, 2002, the Euro, the common currency of the 12 members of the European Economic and Monetary Union (EMU) will begin circulating.
10-12-2001
The Syrian parliament voted yesterday, the new law reforming the financial sector of the country, said SANA, the state news agency.
26-11-2001
Syria's parliament on Thursday passed a 2002 budget projecting expenditure of SYP356 billion (US$7.66 billion), a 10 percent increase on the previous year's spending, reported the Syrian Arab News Agency (SANA).
12-11-2001
The Finance Committee of the Syrian Parliament has started discussions on the new law governing the Central Bank, said Al Sharq al Awsat.
12-11-2001
According to Al Hayat, the Syrian authorities froze tens of millions of dollars of assets held by Iraqi state organisms.
05-11-2001
Syria will have a large share of the EUR6.4 billion allocated by the European Investment Bank (EIB) to the Mediterranean countries in the six coming years, reported Al Hayat.
29-10-2001
Investors from the Gulf have expressed their interest in setting up an Islamic bank in Syria following the passing of a law allowing private capital to invest in the banking sector, reported Al Hayat.
15-10-2001
On October 13 Syria became the latest member of the World Bank's Multilateral Investment Guarantee Agency (MIGA), the official SANA news agency reported.
15-10-2001
The daily Teshreen reported that a total of 102 applications were filed with the Ministry of Economy for the set up of private banks.

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