Damascus, SANA- Governor of the Central Bank of\u00a0Syria (CBS) Adib Mayaleh announced on Tuesday raising the upper limit for financing of import\u00a0licenses via exchange companies from USD 150,000 to 300,000 per importer, in parallel with\u00a0financing through banks for all import licenses.<\/p>\n
During an emergency intervention session attended\u00a0by representatives of currency exchange companies to discuss the latest developments in\u00a0the currency exchange market, Mayaleh affirmed that the CBS started since Tuesday\u00a0morning to intervene directly in the market using unconventional methods.<\/p>\n
He called on exchange companies to submit their\u00a0suggestions about the required intervention measures that may contribute in restoring\u00a0stability to the exchange rate of the Syrian\u00a0Pound.
\nMayala underlined the CBS’ procedures in terms of\u00a0stabilizing the exchange rate by contributing in boosting production and the flow\u00a0of goods in local markets in addition to promoting export-focused production.<\/p>\n
He reiterated that the CBS has the means to\u00a0guarantee stability in the exchange rate at acceptable levels and to prevent speculators from\u00a0creating price bubbles, saying that people shouldn’t be misled by false news or exchange\u00a0rates posted online.<\/p>\n
The CBS had announced in the previous intervention\u00a0session the raising of the top limit of financing import licenses from USD \u00a0100,000 to\u00a0150,000 for each importer.<\/p>\n
Manar al-Freih \/ Hazem Sabbagh<\/p>\n","protected":false},"excerpt":{"rendered":"
Damascus, SANA- Governor of the Central Bank of\u00a0Syria (CBS) Adib Mayaleh announced on Tuesday raising the upper limit for financing of import\u00a0licenses via exchange companies from USD 150,000 to 300,000 per importer, in parallel with\u00a0financing through banks for all import licenses. During an emergency intervention session attended\u00a0by representatives of currency exchange companies to discuss the …<\/p>\n","protected":false},"author":1,"featured_media":30131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,122,485],"tags":[1320,4092],"class_list":["post-37215","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-newscasts","category-money-and-work","category-economic","tag-cbs","tag-mayaleh"],"_links":{"self":[{"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/posts\/37215"}],"collection":[{"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37215"}],"version-history":[{"count":0,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/posts\/37215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/media\/30131"}],"wp:attachment":[{"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}