The CBS will continue to daily intervene in foreign exchange market

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Damascus, SANA – The Central Bank of Syria (CBS) affirmed on Sunday that it will continue to daily intervene in the foreign exchange market through banks and exchange companies.

The CBS said in a statement that it is ready to fully meet the market’s needs of foreign currency for the purpose of funding imports and non-commercial needs, including specifically those related to medication and education.

In a relevant context, the CBS set the exchange rate of the USD at SYP 442.85 for banks, 442.87 for currency exchange companies and 422 for transfers.

The CBS also set the exchange rate of EUR at SYP 504.96 for banks, 504.98 for currency exchange companies and 481.19 for transfers.

M. al-Frieh/H. Said