The Central Bank of Syria has decided to raise the rate of credit interest, paid by the banks for deposits, by two percentage points from 7 per cent to 9 per cent. In addition, it allowed banks operating in the domestic market to deal with foreign currencies; banks are now able to sell to Syrian clients foreign currencies, such as Euro and Dollar. However, this sale is limited to 120 thousand dollars per client.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www1.albawaba.com/main-headlines/new-financial-measures-syria
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