Syrian Arab News Agency S A N A
Damascus, SANA-Governor of Central Bank of Syria Adeb Mayaleh affirmed Tuesday the Bank will double the volume of financing imports through the industrial sector in order to control the price of money- exchange.
Meeting representatives of the money-exchange companies and licensed firms, Mayaleh said the Bank is ready to finance an additional part of the demand on the foreign currency for import purposes to decrease the volume of the parallel market.
He discussed with the representatives the reasons behind instability in the price of Syrian pound against US dollar, affirming that the exchange prices being circulated are illusive in order to manipulate the Syrian pound, referring to some fake websites which publish false prices.
At the conclusion of the meeting, the Bank decided to sell money-exchange companies an open quantity of US dollar with 257 SYP against 1 dollar to cover the demand on import licenses.
Mazen Eyon
