Central Bank sells quantity of foreign currency with 173.27 SYP against Dollar

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jouhina news,

Governor of Central Bank of Syria Adib Mayaleh on Tuesday said the bank sold a quantity of the foreign currency to 10 exchange institutions with 173.27 SYP against 1 dollar to cover the needs of the market during the coming period extending from August 13th to August 19th.

The move comes as part of the Bank's intervention in the market to keep the price of the Syrian pound stable.

Mayaleh met representatives of the banks licensed with dealing in the foreign currencies to sell them to the citizens with 175 SYP against 1 dollar for non-commercial purposes.

"According to the new measure, the citizens have the right to go to the private banks to buy the foreign currencies for non-commercial purposes in light of the price fixed by the central bank," Mayaleh said.

He affirmed that the Central Bank is committed to fund the imports of basic material through the banks working in Syria with distinguished prices.