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سرايا الإخبارية
Syria Central Bank Governor on New Banks Funding
Syria is preparing to attract new foreign banking investments, with expectations that inbound capital will soon exceed one billion dollars. The Governor of the Central Bank of Syria announced that new legislation allows foreign investors to retain up to 60% of their capital in foreign currency, with guarantees for profit remittance, the abolition of transfer and foreign exchange trading restrictions, all aimed at improving the investment climate and reducing risks. The country is also moving towards integrating its banking sector with the global financial system by developing electronic monitoring tools and connecting with the SWIFT network, in addition to meeting the requirements of the FATF group. Additionally, Syria has plans to utilize Arab currencies linked to the dollar in foreign trade operations to facilitate commercial exchange. The enhancement of remittance flows and financial transfers is expected to boost purchasing power, reduce inflation, and stabilize prices, as regional investors, particularly Jordanian banks planning to increase their investments in the Syrian market, show growing interest.
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