Central Bank of Syria


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Central Bank of Syria

The supreme monetary authority in Syria. It is responsible for issuing the Syrian pound and for implementing monetary policy.
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Governor of the Central Bank of Syria (CBS) Dureid Dirgham told journalists in statement following the meeting that the economy situation today is more comfortable and can be described as strong, adding that the drop in the price of USD against the Syrian pound exchange rate is a message to the whole world that Syria is in a good situation.
The measures, which will extend to June 1, 2015, affect 179 people "associated with the violent repression in Syria", and 53 entities, including the Central Bank of Syria, the EU said in its Official Journal.
After getting the green light by the Central Bank of Syria for the final stage of the project, GFH will place 30% of its capital on the bourse, 10% of it will be funded by Syrian collaborators, and the remainder will be financed by GFH, strategic financial institutions and investors.
Union of Arab Banks chairman and Al Baraka Banking Group president and chief executive Adnan Ahmed Yousif met Syrian Prime Minister Naji Al Otri, Also present were Central Bank of Syria governor Adib Mayalah, Central Bank of Turkey governor Dermoz Yilmaz and Turkish Banking Association secretary-general Akram Liaskin.
Summary: DAMASCUS (Cihan/SANA) - The activities of the Syrian-Turkish Commercial Banks Experiences Conference kicked off on Sunday at Sham Hotel, organized by Central Bank of Syria, the Central Bank of Turkey and Banks Association of Turkey.
In an interview with CNBC Arabiya, Ali Ahmed Al Kuwari, executive general manager and chief business officer at QNB, confirmed that the board of directors has agreed to the broader plans put forward to finalise the IPO next May, after obtaining the required approvals from the Central Bank of Syria.
The Cabinet tasked the Economy and Foreign Trade and Finance Ministries and the Central Bank of Syria to enhance the role of the SME Loan Risk Guarantee Establishment, and tasked all relevant ministries and establishments to address the issues related to free zones, in addition to tasking the Local Administration and Environment Ministry to implement a mechanism for improving the general outlook of city centers and address the visual pollution in public and private buildings.
OFAC designated Mudalal Khuri today for materially assisting and acting for or on behalf of previously designated entities and individuals including the Government of Syria, Central Bank of Syria, Central Bank of Syria Governor Adib Mayaleh, and Central Bank of Syria official Batoul Rida.
The Central Bank of Syria began circulating the country's new 1,000-pound note, and one major question is being left unanswered in media reports -- why the currency was redesigned without a face of the Assad family.
The central bank of Syria has said that it has implemented dollar sale restrictions.
Summary: The head of the Central Bank of Syria, Adib Mayaleh, said Tuesday that the bank would draw on a $1 billion credit line from Iran in order to stabilize the pound after it plummeted to a record low against the dollar this week.
QNB, which is the largest Bank in Qatar in terms of assets, lending capabilities and market capitalisation, received approval in 2008 from the Central Bank of Syria to establish Qatar National Bank-Syria as a private stock company.

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