syria 

Central Bank Governor Says Syria Has $18Bn In Forex Reserves

The value of the Syrian pound is stable, backed by adequate domestic liquidity and official foreign exchange reserves of $18bn, the Governor of the Central Bank of Syria (CBS) Adib Mayyala told the Syrian news agency SANA on 19 July. He reiterated that the CBS had lowered the legal reserve requirement from 10% to 5% to raise the level of liquidity in the banking system in order to cope with expected short term cash...