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Syria Bank confirms the arrival of 300 billion Syrian pounds from Russia economy

manhattantribune.com by manhattantribune.com
14 February 2025
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Syria Bank confirms the arrival of 300 billion Syrian pounds from Russia economy
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The Central Bank of Syria announced the arrival of 300 billion Syrian pounds today, Friday, from Russia through Damascus International Airport. The bank stressed that “there is no truth to the news circulating about larger numbers.”

The bank added that “the amount that arrived today is the right of Syria and the Syrian people, and it is part of a signed contract between the ousted regime and Russia, and it should have arrived before the end of last year, as the contract stipulates another payment that will be sent at a later time that may be more than the sender. currently “.

The media office in the Central Bank of Syria said in a press statement yesterday, “We confirm the arrival of financial sums from the Syrian lira category coming from Russia to Syria through Damascus International Airport, but the numbers circulated about the size and quantities of these funds are absolutely inaccurate, and we stress the need to rely on information Official and avoid driving behind rumors. “

It was the custom during the era of the presidency of the ousted Bashar al -Assad, the printing of the Syrian banknotes in Russia.

Maysa Sabreen, the Governor of the Central Bank of Syria, told Reuters in January that she wanted to avoid printing the Syrian pound as much as possible to prevent the fluctuation of inflation rates.

The value of the Syrian pound has increased since then on the black market and yesterday, Thursday, 9850 against the dollar, according to exchange offices.

The central bank keeps the official exchange rate at about 13 thousand pounds against the dollar.

https://www.youtube.com/watch?v=4o17bzifky

This price reflects the continuation of the lira in the rise since the opposition was overthrown on Assad on the eighth of December, with the support of the return of Syrians from abroad and the raising of strict restrictions on trade in foreign currencies.
However, this raised concerns about liquidity in the Syrian pound.

Sources told Reuters that the foreign exchange reserves of the central bank only $ 200 million, in a significant decrease from $ 18.5 billion, the International Monetary Fund estimated that Syria had in 2010 a year before the outbreak of the war.

For its part, the Mercy Core International Assistance Organization unit showed in a report issued this month that families are fighting to pay the price of their basic needs due to a lack of liquidity in the market.

Before resorting to Russia, Syria was printing money in Austria through a company affiliated with the Austrian Central Bank.

Tags: arrivalBankbillionconfirmseconomypoundsRussiaSyria.Syrian
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