Middle East Economic Survey

VOL. XLIX

No 8

20-February-2006

SYRIA

Syria To Replace Dollars By Euros In International Transactions

Syria has decided to switch to using euros rather than US dollars in all foreign currency transactions of ministries, public organizations and public and mixed sector entities, according to a decree issued by the government on 5 February. The government will repay in euros all due obligations and debts to foreign creditors and receive payments from foreign debtors in...