The Monetary and Credit Board confirms that public and private banks must obtain prior approval before offering their services to the public

Damascus-Sana

The Monetary and Credit Council issued a decision confirming the need for public and private banks and microfinance banks operating in Syria to obtain the prior approval of the Central Bank of Syria "Payment Systems Directorate" for any of the electronic banking products and services in accordance with the relevant decisions in force, before offering them to the public or making any amendment in Their properties or their abolition.

According to the decision, which SANA received a copy of, the subsequent monitoring of banking and electronic products and services required by the Payment Systems Directorate, while the Central Bank of Syria issues controls for electronic banking payment channels.