CBS proposes fixing the exchange price for 3-month period to facilitate imports

Damascus, SANA-Governor of Central Bank of Syria Adeb Mayaleh discussed on Tuesday with importers and merchants means of financing imports in order to meet demands of local markets, mainly ready goods and raw materials needed for factories.

Mayaleh said there is a suggestion by the bank to fix the exchange price for a specified duration, for 3 months as an example, provided that the values of imports be specified and put in the central bank in the Syrian pound.

“We will never allow any manipulation in the price of the Syrian pound against foreign currencies,” Mayaleh said during the meeting.

Chairman of the Boards of Damascus Chamber of commerce, ,Mohammad Ghassan al-Qalla added that the State’s general treasury and CBS assume big burdens, referring to the need for putting an end to the problem of the high cost of living and “injustice in giving import licenses.”

Reem/Mazen

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