Prime Minister chairs meeting for developing banking work at Central Bank

Damascus, SANA – Prime Minister Imad Khamis on Tuesday chaired a work meeting at the Central Bank of Syria (CBS) for discussing the strategies of financial institutions regarding monetary policies, managing funds, public and private banks, foreign currency, and e-banking.

The participants in the meeting decided to form a team to evaluate the CBS experience in computerization and e-payment, developing financial and banking policies, and improving human resources in the banking sector.

Premier Khamis stressed the need for developing banking work and working towards achieving the highest degree of protection and privacy, affirming the importance of addressing any loopholes or shortcomings in banking.

He said that the government is working to implement a clear strategy for loans based on correct basis that prevent any problems, and that it’s also working to address overdue loans and hold accountable anyone who tampered with the loan system in the past or abused it.

For his part, Finance Minister Ma’moun Hamdan underlined the importance of financial archiving, noting that work is underway to computerize the state general budget which will help monitor it.

In turn, Economy and Foreign Trade Minister Adib Mayyaleh stressed the need to bolster citizens’ confidence in financial policies, while CBS Governor Dureid Dergham said that developing financial policies is a main concern for the Bank.

Hazem Sabbagh

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