Financial and Banking News
Syria Introduces New Exchange Rate For Some Imports
Luxury imports in Syria will be subject to a new exchange rate of $1=S23,double the standard rate of $1=S11.2. The higher rate, which came into effecton 25 May, applies to goods carrying an import duty of more than 75%. There isalso a third rate of $1=S43 which is available to tourists and some privatesector operations.