syria

 

CBS Denies Reports That Syria Is Printing Money

The Governor of the Central Bank of Syria (CBS) Adib Mayyala has denied reports that the Syrian government had resorted to printing money to finance its widening budget deficit. Instead he explained to SANA that new banknotes were put into circulation to replace worn out ones as a matter of a routine practice usually followed by other central banks. He also denied that there was any link between the...