Today, the Central Bank of Syria issued a decision defining the provisions related to allowing the exporter to use his foreign exchange revenues resulting from export, which are determined according to the commitments to return the export parts organized by him.
According to the decision that the Central Bank published on its channel via Telegram, the exporter is allowed to sell all or part of the foreign currency he is allowed to keep, i.e. 50 percent to the Central Bank of Syria, according to the mechanism followed at the price of the banks’ bulletin issued by the Central Bank, on the date of the sale, in addition to the export premium specified in the last Bonuses bulletin issued up to the date of sale.
According to the decision, the exporter is not allowed to sell or assign part or all of the foreign exchange from his export revenues “not sold to the Central Bank” directly to other importers, while the industrial exporter is allowed to use part or all of the foreign currency from his export revenues, including the part required to be sold to the Central Bank to cover the values of His imports, provided that the imports are of the raw materials and production requirements necessary for his establishment whose products are exported.
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