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Banking Miscellaneous in Banking . 3 months ago
The Central Bank of Syria (CBS) (Arabic: مصرف سورية المركزي, Masrif Suriat Almarkazi) is the central bank of Syria. The bank was established in 1953 and started operations in 1956. Its headquarters are in Damascus, with 11 branches in the provincial capitals. The objective of the bank is "to foster the stability, integrity and efficiency of the nation’s financial and payment systems so as to promote optimal macro economic performance".
The CBS issues Syria's currency, the Syrian pound, and sets the intervention price in the foreign currency market for the Syrian pound on a daily basis.
The CBS exercises control over all banks operating in Syria.
Posted on 02 Oct 2024, this text provides information on Banking related to Miscellaneous in Banking. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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