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The Central Bank of Syria closes a number of exchange institutions

2020-01-21T09:37:01.163Z

Damascus-SANA The Central Bank of Syria issued decisions to close 14 exchange institutions that did not perform the required role during the period



Damascus-Sana

The Central Bank of Syria issued decisions to close 14 exchange institutions that did not play the role required of them during the previous period in supporting the stability of the Syrian pound.

According to a statement issued by the bank, SANA received a copy of it today. The closure decisions included depriving these institutions of their activities until 30-4-2020 indicating that this action comes as a result of the bank’s keenness to control the market and prevent tampering with the exchange rate.

It is worth noting that the Central Bank is in the process of reconsidering the economic feasibility and effectiveness of the continuation of all exchange institutions based on their assigned role in supporting the national economy and financial transactions and enhancing confidence in the Syrian pound.

Source: sena

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