The Central Bank of Syria has raised the official rate of the Syrian Pound relative to the dollar as the national currency continued to gain ground recently.

Lebanon’s BLOM Bank has withdrawn its last representative in the board of its Syrian affiliate, further confirming the relative disengagement of Lebanese banks from the Syrian market.

The Damascus Securities Exchange's main index posted in October its second largest monthly increase since the beginning of 2017.

Banque Bemo Saudi Fransi is increasing its capital through the distribution of stock dividends to its shareholders.

Syria’s customs department generated revenues of SYP 177 billion in the first three quarters of the year, as it continues to represent a main source of government revenue.

The Damascus Securities Exchange attracted again investors last month on the back of the rapid advances of regime forces in the east of the country, after months of relative stagnation.

The Ministry of Local Administration seeks to encourage the payment of tax arrears at the local level as localities and cities are in “urgent need” of cash.

The Syrian government has raised significantly the minimum capital requirement for foreign exchange companies as the national currency depreciated to a tenth of its value relative to the dollar in the past six years.

The value of the Syrian pound relative to the dollar continued to rise in recent weeks although the trend is unlikely to last.

The Syrian Prime Minister has criticized his predecessor for spending 14 billion dollars of foreign currency reserves, while announcing the doubling of a tax dedicated to finance reconstruction.