licensed banks have more free access in dealing with hard currency




 DAMASCUS, (ST)- According to the package of measures issued by the Central Bank of Syria to control prices, the central bank  issued  the resolution No. 1555, which allows licensed banks more free access in dealing  with hard currency.

 The Resolution provides the selling of hard currency to importers in accordance with the announced exchange rate by the bank. The sold hard currency shouldn't exceed the exchange rates issued by the central Bank for purposes of intervention in order to enable them to prepay the value of the needed imported goods.

 The bank's decision implies that importers must offer their request to the bank accompanied by import license.

 The resolution stipulates that importers should bring the original imported copies and customer's bills which prove that the goods are to be used for domestic consumption.

 The decision was issued to facilitate the work of traders and industrialists importers especially under the current circumstances, Dr. Adeeb Mayala Governor of the Central Bank of Syria underscored.


H. Shamout





CBS: USD against SYP 70, 68. Euro at SYP 92,51

Damascus ,(ST) - The Central Bank of Syria (CBS) set the price of USD $ against SYP at 71,28 for selling and 70,68 for purchase.

According to the CBC Bulletin Of foreign currency exchange rate, the CBS set the price of Euro at 92,51 for purchase and 93,16 for selling rising 0,22 for selling and purchasing.

The CBS set the price of hard currency for market dealing for USD $ at 70,68 for purchase and at 71,28 for selling while the price of Euro reached at 92,51 for purchase and at 93,16 for selling.

Nada Haj Khidr

Syrian Electricity Sector Defies Terrorism

DAMASCUS, (ST)_ Hardly a day goes by without  terrorist attacks against  electricity networks and supply lines of fuel stations , leaving the   electricity sector on top  of the list of key sectors vulnerable to  terrorists ‘ acts of sabotage and destruction.

“Costs of  damages against the electricity sector is estimated at 12 billion Syrian pounds. A sum  enough to illuminate all newly built villages in Syria  for three years”, said the Minister of Electricity Imad Khamis, who added  that some 2500 damaged electricity transformers, more than 12, 000 lighting pillars and more than 1000 tons of bare transmission lines were replaced..
Terrorists attacks are not limited  to the destruction of electricity networks, but to  stealing power transmission lines after cutting them , as (82) lines , main providers of  energy in Syria were damaged or stolen , with other 30 lines became inactive, as power transformers were stolen , and sold by terrorists   just for peanuts.  
Terrorist  acts are not the only reason  for the ill performance of the electricity sector in Syria, rather , the unfair economic sanctions imposed on the Syrian people have grave impact on aggregating the electricity crisis in the country depriving this vital sector from the ability to expand and be efficient.

Simultaneously, the sanctions were, but an incentive to reveal the hidden asset  in electricity workers and a challenge  for withstanding adverse  conditions and  overcoming work problems .
Workers in the electricity sector  spare no efforts  to re-operate stalled  electrical transformers since  years ago and  to rehabilitate electricity cables, counters, light poles and to ensure the availability of  spare parts , in the course of their relentless efforts  to meet electrical demands and withstand the sanctions.
Observers believe that terrorist groups attacks against services sectors in Syria, especially the electricity sector falls  in the context of perpetuated schemes to eliminate Syria  and undermine  citizens daily  needs, from a loaf of bread up to the industrial , agricultural, and developmental sectors  .

However, other observers consider terrorist attacks as an integral part of the evil  scheme aiming at undermining  Syria’s political, economic  and developmental successes, which all contributed  to the overall building the country in all walks of life.
Despite the ongoing attacks and violations over (20) months under the crisis in Syria, the electricity sector in Syria is still good compared with countries in the region. Workers in this sector  continue to sacrifice themselves for a noble goal to serve the home land with  50  electricity workers killed  by terrorists while on duty.

Syria Times

Damascus restores its intimate atmosphere


DAMASCUS, (ST)- Challenging the ongoing crisis which has been hitting the country for more than 19 months, the Damascenes insist to run a normal life with an overwhelming confidence that their homeland will emerge victorious from the battle against terrorism.





The nowadays streets and markets of Damascus are crowded with a large number of shoppers who want to buy their winter needs. Children are also seen playing safely in the city's old allays with the pigeons flying and landing freely in their beloved city. Such a scene makes one feel optimistic as the intimate Damascene atmosphere is gradually being restored to the city.

H. Moustafa

Active Navigation Movement Despite Economic Sanctions

TARTOUS, (ST)-  Tarots Port is witnessing an active navigation movement despite economic sanctions imposed on the country. It daily receives a number of ships which unload their cargo of various types of goods, Ali Hasan General Director of Tartous Port Company said.

 "The number of ships operating till Sunday evening reached 8, while the number of the waiting ships reached 7," added the General Manager of the Company in a statement to SANA.

 He also underscored that the work is done according to a shift system around the clock.

Hasan said "despite the economic sanctions imposed on Syria, the port works quickly and with high capacity to provide services to clients so as to keep attractive for investment and to maintain its competitiveness.

During the last ten months, the port's revenues reached about (SYP) 1.950 billion.

At the beginning of 2012, the number of ships reached about 1194 loaded with 6.262 million tons of goods. In addition, the number  of unloaded containers were  more than 28.000.

H. Shamout