Middle East Economic Survey

VOL. L

No 4

22-Jan-2007

syria

Syria Unifies Exchange Rate And Pegs Its Currency To A Basket

Governor of the Central Bank of Syria (CBS) Adib Mayyalah says the government has made a political decision to implement financial and monetary reforms. Addressing a press conference on 13 January, Dr Mayyalah explained that the governments policy was based on the principles of ensuring stability of exchange rates and achieving a unified rate with effect from the beginning of...