Central Bank of Syria

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Brief History

The Central Bank of Syria was established by Legislative Decree N°. 87 dated 28 March 1953, which included the Basic Monetary System of Syria. The central bank began operations on 1 August 1956. The role of the central bank in the economy was revived by the Basic Monetary Law N°.23 of 2002, which is considered a key turning point in the history of monetary policy in Syria. The central bank’s headquarters are in Damascus with two branches located in the provincial capitals of Syria

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