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...
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