Syrian Arab News Agency S A N A
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Damascus, SANA – The Central Bank of Syria (CBS) will inject millions of dollars (USD) in the market to finance imports and fulfill the citizens’ needs, mainly education and medication requirements.
The measure, which will take place next Sunday by allocating USD 150 million at the price of SYP 405 per USD 1, was announced by the CBS Governor Adib Mayaleh during an intervention session on Thursday that was attended by representatives of currency exchange companies and offices.
Mayaleh said the bank will raise the rate of financing imports to the maximum, while it will thoroughly study the non-commercial operations related to the needs of citizens.
Education and medication-related needs will be fully financed, he stressed.
He said the CBS foreign exchange reserves are much better now, which allows the bank to intervene more easily and deal with import financing demands more flexibly.
Qabas / R. Milhem/H. Said
