CBS will continue to finance importers’ demands for foreign currency, Governor says

Damascus, SANA – Governor of the Central Bank of Syria (CBS) Adib Mayala stressed that the Bank will continue to intensively intervene in the currency exchange market to prevent speculators from influencing the market and manipulating exchange rates.

During a session held on Sunday, Mayala said the Bank will also continue to finance the importers’ demands for foreign currency through the licensed banks in the country.

He hailed the state of stability which the currency exchange markets witnessed during the Eid al-Adha holiday last week “due to the intensive intervention carried out by the CBS to avoid any unjustified increases.”

Today’s session came in the framework of the CBS following up on the intervention measures it started on September 14 to control the market and re-stabilize exchange rates.

Haifa Said

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