Syria’s central bank says citizens’ deposits will be safe
Announcement comes after footage appeared to show looting of cash from bank’s premises
The Central Bank of Syria today (December 9) said it would continue to discharge its functions following the overthrow of president Bashar al-Assad’s regime.
In a statement on its Facebook page, the bank said it would work to provide continuity in terms of the monitoring and supervision of banks and non-bank financial institutions. It said that Syrian citizens’ deposits and money placed in the country’s banks would be safe.
The central bank said it had directed all exchange and internal remittance
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial market infrastructure
Ghana releases draft open banking directive
Central bank heralds “transformative development” in consumer-consented data sharing
Madagascar’s governor on targeting M3 over inflation
Central Bank of Madagascar head Aivo Andrianarivelo speaks about introducing an interest rate corridor, diversifying from dollars to gold, using instant payments to bolster inclusion and drawing on IMF sustainability funding
Ethiopia’s liberalisation paves way for banking consolidation
Reforms will give central bank power to supervise foreign lenders as country lifts barriers to investment
HKMA subsidises tokenised bond issuances
Issuers can receive up to HK$2.5 million each for maximum of two issuances
AI is a double-edged sword for cyber security – UK survey
Study reveals technology’s increased use in financial sector, where three providers are dominant
Capital markets union faces ‘death by a thousand cuts’ – Lagarde
ECB president tears into European leaders’ inaction over innovation and wealth creation
The GFXC chair on the next steps for the FX global code
Gerardo García speaks about updating FX best practice, improving buy-side engagement and changes to the BIS’s triennial survey
BNM eases rules on ringgit bond issuances
Change makes it easier for foreign institutions to issue debt denominated in Malaysian currency