Damascus-Sana
The Central Bank of Syria announced today that it will purchase foreign exchange resulting from exports from those who wish from exporters at the preferential price of 700 Syrian pounds per dollar, plus incentives of 15 percent, while giving them priority in financing their imports.
The Central Committee stated in a decision that Sana received a copy of, that the source who sold the foreign currency resulting from the export to the central bank will be given priority in financing its imports, and twice the value of the foreign currency resulting from the export, which he sold to the bank in a manner that does not conflict with the provisions of import financing.
The decision clarifies that the source who wishes to sell foreign exchange to the central bank must either “pay it abroad externally under a transfer or“ banknote ”in coordination with the central banking directorate or internally“ banknote ”inside Syria provided that the foreign currency resulting from the export is entered through the border outlets in accordance with the decisions of the Council Cash and credit related to this matter or shipping through exchange companies.
The Central said in a statement, which Sana received a copy of, that the decision to purchase foreign exchange from exporters comes after several meetings with industrialists and merchants to discuss ways to enhance exports and facilitate financing operations in the context of its endeavor to support the export sector and give it incentive advantages, stressing that simplification of procedures has been taken into account for exporters so that it is sufficient to The source is to provide a letter of document issued by any of the chambers of industry or from the Federation of Chambers of Industry in relation to the industrial source and a letter from the Central Committee for Export of the Federation of Chambers of Commerce for the non-industrial source ie the sources of vegetables and fruits and others.
And the Central indicated that the exporter can sell the foreign part obtained abroad in coordination with the Central in parallel with the possibility of selling the export parts entered from abroad for banknotes to any of its branches after presenting a stamped copy of the bank notification in case the banknote was entered by banks niches in the border outlets or the entry permit document Sealed with the customs trust stamp.
It is noteworthy that the Central Bank of Syria announced a few days ago to set the preferential price for the delivery of remittances received from abroad via the Western Union global network at 700 Syrian pounds per US dollar.
Wasim Adawi
