Middle East Economic Survey


No 21



Liberalization Of Syrian Exchange System Expected By End-2005

The Governor of the Central Bank of Syria (CBS) Adib Mayyalah said on 14 May his country expected to complete all the formalities to liberalize the exchange rate system by the end of this year and move to a free foreign exchange system. At present public and private banks are authorized to provide some foreign exchange for private sector imports, with the CBS providing the...