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Governor of the Central bank of Syria
Governor of the Central bank of Syria(Dp-news-Bloomberg)

European Sanctions wouldn't affect Syria`s Central Bank

(Dp-news)

DAMASCUS- Governor of the Central bank of Syria Adib Mayala told Syria state-run news agency SANA that the Central Bank of Syria has taken a number of measures to avoid the negative repercussions of the European new economic sanctions, adding that the sanctions didn't affect the Bank assets of foreign currencies and reserves.

"The sanctions come within a series of sanctions previously imposed on the Syrian people which affect their living… imposing such sanctions on the Central Bank aims at paralyzing its transactions, which means an economic siege on the Syrian citizen," Mayala said in a statement to SANA Wednesday.



On the rise of exchange price in the parallel market, Mayala said that the reason behind this increase is that some dealers exploited the new sanctions on the Central Bank to arouse fear among the citizens and achieve illegal profits.

The Central Bank of Syria (CBS) fixed Thursday the USD exchange rate at SYP 58,83 purchase with an increase of 28 piaster in comparison with Wednesday while it reached SYP 59,19 sold.

According to the bulletin of foreign currencies exchange rate, the Euro reached SYP 78,40 purchase with a decrease of 46 piaster in comparison with Wednesday while it reached SYP 78,95 sold.

The European Union has taken new economic sanctions against the Central Bank of Syria including the freeze of its assets at the EU countries, preventing it from selling, buying gold, valuable minerals or diamond.

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