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CBS: Selling USD 10 million to currency exchange companies next Monday


Oct 03, 2013

Damascus, (SANA)- The Central Bank of Syria (CBS) intends to hold a session of intervention next Monday to sell USD 10 million to banks and currency exchange companies for non-commercial purposes, according to a statement issued Thursday by the CBS.

The statement said the Bank will continue to fund the imports of the private sector at a price ranging between SYP 169.5 and 172.5 per Dollar.

It added that the CBS is proceeding, along with the concerned authorities, with pursuing exchange rate manipulators in line with Law no. 18 for 2013, which imposes penalties that amount to 15-year imprisonment.

© SANA (Syria Arab News Agency) 2013
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