CBS schedules first intervention session of 2015

Damascus, SANA- The Central Bank of Syria (CBS) scheduled an intervention session in the currency exchange market for Wednesday June 1st 2015 to be attended by representatives of all currency exchange offices and companies.

CBS Governor Adib Mayyaleh said that session affirms that the CBS continuing its intervention plan which aims to stabilize the exchange rate and bridge the gap between supply and demand for foreign currency for financing trade and non-commercial purposes.

Mayala stressed that exchange companies will continue to submit request to fund import to the CBS which contributes to increasing supply in the foreign currency in market, adding that the CBS will continue to fund importation requests submitted to banks.

Manar al-Freih / Hazem Sabbagh

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