Middle East Economic Survey

VOL. LIII

No 51

20-Dec-2010

syria

Syrian Government Debut Treasury Bills Twice Oversubscribed

The Syrian Ministry of Finance in coordination with the Central Bank of Syria (CBS) on 13 December auctioned for the first time two tranches of treasury bills (TBs) with a total value of S2bn ($43mn). The long awaited issue comes three years after the government passed the necessary legislation to approve such financial instruments in late 2007. The first tranche...