Damascus-Sana
The Central Bank of Syria announced today the issuance of certificates of deposit in the Syrian pound (the second issue) according to the method of auctioning the unified price for traditional banks operating in Syria with a nominal value per certificate of 100 million Syrian pounds.
According to a decision by the Central Bank, SANA received a copy of it, the term of the certificate of deposit from the second issuance is six months, and the single bank has the right to submit three offers. bank.
The auction of the certificates of deposit begins as per the decision on Thursday, the 18th of June, from ten in the morning until twelve noon, and the banks are obliged to cover their current accounts with the Central for the amounts corresponding to the values of the certificates of deposit that they wish to subscribe to by signing their offer including the pledge to that, and set the day for settling the deposit certificate on June 21, and the certificate is due on December 20, 2020.
The certificates of deposit, along with treasury bonds, are securities that contribute to providing a non-inflationary financing mechanism that supports the process of economic growth and increasing domestic product, which helps to attract foreign capital for investment.
The Central Bank announced last March the issuance of certificates of deposit in the Syrian pound, Issue No. 1 of 2020 according to the unified price auction method for traditional banks operating in Syria and for a period of six months, and as a result of the auction, the value of the issuance reached more than 92 billion and 200 million Syrian pounds.
Wasim Adawi
Follow the latest news on the Telegram application on smartphones via the link:
https://telegram.me/SyrianArabNewsAgency
Follow our page on the (VK) social networking site:
http://vk.com/syrianarabnewsagency