VOL. XLV

No 12

25-March-2002

SYRIA

Syria Provides Framework For Private Banking

After approving the CentralBank and Monetary Law (Law 23 of 2002) earlier this month, Syrian President Bashar al-Asad has established aMonetary and Credit Council (MCC), which will be in charge of organizing monetaryand credit institutions to achieve the laws objectives. Economists say thatboth the passage of the new law and the setting up of the council are vitalsteps in providing a framework to govern the startup of...