VOL. XXXIX

No. 52

23-September-1996

SYRIA

Syrian Nationals Can Now Hold Foreign Currency Accounts In Local Banks

In an effort to liberalize the economy, the Syrian Government has for the first time in many years allowed its nationals to open foreign currency accounts in Syrian banks. The government's export committee headed by the Syrian Prime Minister, Mr. Muhammad al-Zu'bi, has taken a decision to "allow all Syrians to open foreign exchange accounts in Syrian banks with no questions...