VOL. XLVI

No 28

14-July-2003

SYRIA

REGIONAL BANKING

Syria Relaxes Foreign Exchange Regulations

President Bashar al-Asad of Syria has issued a decree abolishing earlier legislation which called for the imprisonment of people dealing in foreign exchange in Syria. According to the Syrian News Agency (SANA), Decree No 33 abolishes the previous legislation (Decrees No 6 of 2000 and No 24 of 1986) which stipulate the penalty of imprisonment for people dealing in foreign exchange or for taking Syrian or...