NO. 19


Financial and Banking News

Budgets & Revenues

Accounting Changes Give Syria Its First Trade Surplus for 30 Years

Figures released to the Syrian parliament last week by the Minister of Economy and Trade, Mr. Muhammad al-'Imadi, revealed a 1989 trade surplus of SR10.44bn - the first surplus recorded for 30 years. According to the figures, Syrian exports increased from SL15.09bn in 1988 to SL33.74bn in 1989, when oil exports accounted for SL9.14bn of the...