Economic committee tackles SP exchange rate

DAMASCUS,(ST)_The economic committee reviewed on Wednesday  exchange rate of the Syrian Pound against foreign currency .

The meeting chaired by Prime Minister, Dr. Wael al-Halqi, revolved around procedures of the SP exchange rate, stressing need to keep the exchange rate stable to back national economy, according to SANA.

In this context, Governor of the Central Bank of Syria (CBS), Dr. AdibMayaleh, said: “Citizens’ imported requirements are being financed by banks at the price SP 79.9 to 1$ to preserve the products prices stable in local markets and to prevent importers and merchants from hiking prices of citizens’ basic needs up.

The economic committee was recently formed to follow up economic situation plus financial and banking matters.

Basma Qaddour