Official says Syria converts some reserves to euro

The governor of Syria's central bank was quoted by AP on Tuesday 10 October as saying that the bank had converted half of its foreign currency reserves from U.S. dollars to euros.

"Syria's (foreign currency) reserves were entirely in U.S. dollars last year. But half of the reserves has since been converted to euros," Governor Adeeb Mayalleh said.

AP said he would not disclose the value of Syria's foreign currency reserves but said they were "balanced" and able to pay for pay for the country's f