The Ministry of Finance has put a cap on premiums generated by private sector companies from third-party insurance in a bid to increase revenues at the state-owned insurance company.
The average wealth of Syrians in 2016 is only around a quarter of what it was before the uprising, a recent study has found.
For the third month in a row, trading activity at the Damascus Securities Exchange remained extremely limited in November.
While the Syrian Pound continues to lose ground in the local foreign currency market, its rate of decline is slower since the beginning of the summer.
Bank Audi, Lebanon’s largest banking grouping, has announced that it has written-off its investment in Syria and that its representatives in the bank’s board of directors have resigned.
Al-Baraka Bank Syria, an Islamic lender and one of the newest comers to the Syrian banking sector, saw its assets jump 50 percent in the first half of this year.
The value of the shares traded last month in the Damascus Securities Exchange fell to its lowest level since the beginning of the year.
ISIS has started using its own currency, the Islamic dinar, to impose fines on inhabitants of Raqqa and other towns under its control.