Syrian Arab News Agency S A N A
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Damascus, SANA – Governor of the Central Bank of Syria (CBS) Adib Mayaleh announced that the injection of the second package of the planned USD 65 million to cover the market needs has begun.
During an intervention session held Tuesday, Mayaleh said that currency exchange companies were obligated to purchase amounts between USD 300 and 500 thousand, while currency exchange offices were obligated to purchase between USD 100 and 200 thousand at the price of SYP 215 per USD.
The Governor added that the currency exchange offices and companies should sell foreign currency to citizens, whether for commercial or non-commercial purposes, at the same price.
He noted that the CBS is continuing to finance imports funding applications submitted via other banks and currency exchange agencies, stressing that all news circulated about the insufficiency of foreign currency in the market and the prices don’t reflect the reality of supply and demand.
The CBS will hold another intervention session on Sunday with the aim of completing the sale of the planned amount of foreign currency in order to restore stability to the market.
Rasha Raslan / Hazem Sabbagh
