Central Banks

Central Bank of Syria

The Central Bank of Syria was established by Decree No. 87 of March 28, 1953, which established the basic monetary system in Syria

The Central Bank of Syria was established by Decree No. 87 of March 28, 1953, which established the basic monetary system in Syria. The Central Bank of Syria began work on August 1, 1956, with its headquarters in Damascus and 11 branches located in the capitals of Syria's provinces. The role of the Central Bank of Syria is to formulate development plans, improve banking laws and regulations, modernize the current way of doing business by introducing advanced technology and computer systems in various banking functions and activities, and promote significant and far-reaching economic and social development, and is responsible for overseeing and facilitating the advancement of this strategy.
The Syrian Arab Republic is located in western Asia, on the eastern coast of the Mediterranean Sea. The currency used is the Syrian Pound, code SYP.

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