VOL. XLV

No 14

8-April-2002

SYRIA

SyriaTo Begin Taking Private Bank Applications

The Central Bank of Syriais to start taking applications on 20 April to let private banks operate in thecountry, according to state news agency Sana.The move follows Syrian President Bashar al-Asads signing into law of a decree to establish a Monetaryand Credit Council (MCC) which will regulate the countrys financial markets, includingprivate banks (MEES, 25 March). TheMCC was established after approval of the...