Central Bank of Syria (364)

11-12-2018

Several decisions issued by the Central Bank of Syria will increase lending by, and credit risks for, the banking sector although they also show the influence of powerful investors in the Central Bank’s decision-making process.

27-11-2018

The list below includes all the Syrian individuals, entities, aircrafts and vessels that have been put under sanctions by the U.S. Administration since 2005.

13-11-2018

The Syrian pound has fallen to its lowest level in a year relative to the dollar and is now close to crossing the 500 mark in the black market.

23-10-2018

Syria’s 2019 budget is planned to increase by some 21.8 percent on an annual basis.

09-10-2018

Syria’s PM, Imad Khamis, visited last week the two coastal provinces of Tartous and Lattakia where he inaugurated a host of projects including the first government project or building to be named after Bashar Al-Assad.

02-10-2018

Syria’s anti-money laundering and combating the financing of terrorism commission issued recently its annual report.

02-10-2018

A state-owned bank has announced that it had succeeded in selling several real estate properties used as collaterals for loans it extended to its defaulting clients.

25-09-2018

In a relatively surprise move, the governor of the Central Bank of Syria was dismissed yesterday.

18-09-2018

The Popular Credit Bank, one of six state-owned banks in the country, said that it was resuming lending to professionals.

04-09-2018

The Credit and Monetary Council of the Central Bank of Syria has changed the interest rates banks pay on their customers’ deposit accounts.

04-09-2018

In a public meeting, the Syrian Prime Minister gave a bleak assessment of the impact of the war on the country’s foreign currency reserves and economic assets.

07-08-2018

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

24-07-2018

The list below includes the names of all the individuals that have been blacklisted by the European Union since the beginning of the Syrian uprising in March 2011.

12-07-2018

In this 2,600-word factsheet we look at China’s economic interests in Syria.

03-07-2018

The Ministry of Tourism has granted a license for the management of a boutique hotel in central Damascus to a UAE company.

15-05-2018

The Syrian Government has removed the name of this prominent overseas businessman from its blacklist potentially indicating his return to the country.

10-05-2018

A full breakdown of Syria's 2018 budget with current and investment expenses detailed for each item in the budget.

27-02-2018

The European Union has added two Syrian government members to its blacklist, the first such addition in months.

23-01-2018

Only days after allowing local banks to resume lending, the Central Bank of Syria has partly backtracked on its decision for fear of pressures on the pound.

16-01-2018

Updated on February 02, 2018 (see bottom for details on updates): A new Syrian investor has signed an agreement to invest in the Basatin Al-Razi real estate area near Damascus.

09-01-2018

Preliminary data from Syrian officials indicate that tax revenues increased last year, as a consequence of an improvement in economic activity and tax collection, although they remain far below budgetary expenses.

02-01-2018

In December, the Syrian pound fell again relative to the dollar, reducing further confidence in the national currency and the Central Bank of Syria.

28-11-2017

The Syrian Pound gained more than 14 percent relative to the dollar in the space of one week as it comes close to the 400-pound level.

07-11-2017

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.

07-11-2017

A decision by the government to facilitate the import of textile fabrics has created wide protests among powerful Aleppo manufacturers and highlighted the contradictory interests of the Syrian business community.

26-09-2017

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.

19-09-2017

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

14-08-2017

Lebanon’s BLOM has said that it deconsolidated its Syrian operations in order to protect itself from international sanctions.

04-07-2017

The Central Bank of Syria has started circulating a new banknote, for the first time with the face of Bashar Al-Assad on it.

20-06-2017

Switzerland’s highest court has refused to hear an appeal from the Central Bank of Syria for lifting sanctions on it.

13-06-2017

In the past six weeks, the Syrian pound has gained ground relative to the U.S. dollar, bringing it back to its level of six months ago.

23-05-2017

A full breakdown of Syria's 2017 budget with current and investment expenses detailed for each item in the budget.

16-05-2017

The Central Bank of Syria has revoked the license of one of the few microfinance institutions working in the country.

02-05-2017

In this 2,500-word factsheet, we provide an overview of Syria’s economic and financial relations with Russia.

18-04-2017

The Central Bank of Syria is reportedly considering issuing dollar-denominated treasury bonds to finance the import of energy products, a prospect that could reflect a disconnect of the financial authorities with economic and political realities.

11-04-2017

The list below includes the names of all the Syrian entities that have been blacklisted by the European Union since the beginning of the uprising in March 2011.

04-04-2017

The Syrian President has sacked Adib Mayaleh, the Minister of Economy, as part of a small government reshuffle, ending the political career of a long-time regime servant.

28-03-2017

Banque Bemo Saudi Fransi has entered talks to buy a controlling stake in Syria Gulf Bank, in the first such consolidation move since the liberalisation of Syria’s banking sector in 2004.

14-02-2017

The Syrian Minister of Economy has said that western companies will not benefit from reconstruction contracts unless their governments apologised to the Syrian people.

03-01-2017

Syria’s imports of fuel oil doubled last year to compensate for the decline in the supply of natural gas to the country’s power plants.

03-01-2017

Cham Wings, a private airliner, Russian banking executives and Rami Makhlouf-owned companies are among 23 new entities and individuals blacklisted by the American administration.

20-12-2016

Last week saw the addition of several individuals and entities based in Syria by the United Nations and the United States.

13-12-2016

The value of the Syrian Pound relative to the dollar has increased in the past month as the regime gained ground in the battle over Aleppo and in other parts of Syria.

15-11-2016
The EU has blacklisted 18 new Syrian government officials, in the second such addition to its sanctions list in the space of two weeks.

08-11-2016

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.

11-10-2016

The visit last week by an Iranian delegation to Damascus marks one of the first major attempts to deepen business ties between the two countries.

11-10-2016

Syria’s 2017 budget is planned to increase by 34 percent to SYP 2.6 trillion, according to a preliminary draft approved last week by the government.

20-09-2016

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.

13-09-2016

Data from Wikileaks have confirmed that the Central Bank of Syria has deposited significant amounts of its foreign assets in the Russian banking system.