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Printing Banknotes of "2000" Category is "Untrue Altogether"- Mayaleh

DAMASCUS,(ST)_ Governor of the Central Bank of Syria Dr. Adib Mayaleh  said that what has been debated by certain media about printing banknotes of  "2000" category is  "untrue altogether, and  is part of the war and conspiracy to undermine the Syrian economy , and weaken  citizen 's  confidence in  the Syrian pound ".

In a statement to SANA , today Mayaleh warned citizens from dealing  with these counterfeit currency  if found and  to inform the sides concerned on that,  indicating that the banknotes currently in circulation are of 50, 100, 200, 500 and 1000 pounds.

Mayaleh revealed that the Central Bank of Syria "will take  in the coming period the necessary measures to balance  exchange rate and reduce manipulation of the Syrian lira exchange rate in the black market," noting  that "the Syrian pound  is stable."
He  stressed that "the bank has all the tools necessary to maintain the exchange rate of the lira," noting "In this  context , agreements were signed with the Iranian side, during the past two days to provide line credit facility worth one billion dollars to finance the import of goods to Syria and investment projects."

T. Fateh

Hard Evidence on Turkish Government Involvement in Stealing hundreds of Syrian Plants: Shehabi




DAMASCUS,ST) Chairman of the  Federation of the Syrian Chambers of Industry Fares Shehabi stressed that Aleppo Chamber of Industry has all the evidence on the involvement of the Turkish government   in stealing production lines and machines of  hundreds of different laboratories from  the city of Aleppo and in smuggling them into the  Turkish territory,  in clear violation of international laws.

In a statement to SANA, al-Shehabi indicated that terrorists  looting of factories and laboratories in Aleppo aimed at the destruction of the Syrian economy,  damaging the Syrian industry  which competes the Turkish products and making a rift between the national  business and the government in Syria, , adding that  industrialists in Aleppo accuse the Turkish government of deliberate  terrorism and criminality against the Syrian industry and demanding the formation of a neutral international commission to investigate facts about stealing and looting  factories in Aleppo, at the full knowledge of the Turkish government.

He demanded  the current Turkish government to compensate for the damages inflicted upon Aleppo industry, by facilitating the transit of terrorists, who stole the Syrian  factories 's machinery and production lines and smuggled them across the border from Syria   into Turkey.

" There are no accurate estimates for  industrialists on  total losses in Syria by armed terrorist groups because of the inability to have  access to certain plants," he said,  explaining that terrorists stole about 1,000 factories  in the city  of  Aleppo.

He continued  that initial estimates of the damage inflicted on Aleppo 's industrial plants caused by terrorist acts exceed  200 billion  Syrian Pounds, indicating that "this sum does not include the destruction of buildings and  ancient markets , nor  the growing accumulated losses borne on a  daily basis on industrialists.

He pointed  the importance of eliminating terrorists in all areas of Aleppo and the restoration of  security and safety  so as industrialists could return to their factories to take part in the  relief, reconstruction and reconciliation efforts in the country.

" In a time record,  industrialists will be able to rebuild  factories , much better than before," he stressed.

He  called more efforts to be exerted as to secure fuel oil  for   remaining factories  to continue  working to meet the increasing demand for  the local market under the current circumstances.

" These terrorist acts are but  a crime against the Syrians, targeting  everyone  in livelihood , housing and daily  needs, including the traders and industrialists  ." he emphasized.

T. Fateh




Syrian-Iranian Oil Cooperation Discussed

Concluding his visit to Iran, Prime Minster Wael al-Halqi on Thursday held talks with the Iranian Oil Minister Rustum Qasimi on how to enhance cooperation and coordination in the areas of oil and gas so as to back the economies of Syria and Iran in the face of the economic war and unfair sanctions facing both countries.

The two officials discussed ways of exchanging oil derivatives and developing the oil industry to serve the interest of the two countries and meet their development requirements.  

The oil talks came after the Syrian government's delegation visiting Tehran had signed a package of agreements and contracts covering several fields.

H. Mustafa

Deputy Premier announces new measures to punish manipulators in basic stuff prices

DAMASCUS,(ST)-Deputy Prime Minister for economic affairs and Minister of Internal Trade and Protecting consumer Dr. Qadri Jamil pointed out that the government is heading for approving a law to stress punishment of those who perpetrate smuggling and corruption especially to the stuff of bread, gas and fuel.

Dr. Qadri was quoted as saying  that "any fuel station smuggling the fuel will be confiscated for at least one year in favor of  SADCOP or the Local Administration,"

The Deputy Premierasserted that a new mechanism is being studied to distribute gas bottles on citizens through monthly coupons, referring to the establishment of courts specialized in determining the trade cases immediately and quickly.    

Regarding the necessary mechanisms and measures for reactivating the role played by the General Establishment of Storing and Marketing and the Consumption General Establishment in ensuring the market needs of the basic stuff and goods, Dr. Qadri affirmed that there is a study to emend the decree of founding the establishments according to which the two establishments will be allowed to ensure the stuff and goods either through local sources or through importing and to positively intervene in the market.       

Concerning  the list of  prices of the citizen’s necessary goods and stuff issued by the Ministry, Dr. Qadri said that issuing the prices list  helps the supplies supervisors to do their duties well in case of finding an increase of prices.

" we are working to inform the citizen of the role played by him for submitting  complaints and to defend their rights through setting up a complaints center," Dr. Qadri said.

Dr. Qadri called for reactivating the role played by non official parties in organizing and controlling the process of delivering and distributing the basic stuff through launching the initiative of “the Syrian people’s parcel is a red line”.

" the  role played by the Ministry of  Interior Trade and Protecting Consumer in this voluntary initiative is embodied in facilitating communication with the parties responsible for ensuring fuel, concluded  Dr. Qadri .

Inas Abdul kareem

Scores of Industrial Facilities Cancelled in Damascus Countryside Due to Terrorist Acts


The ongoing crisis in Syria has overshadowed all aspects of life and caused great losses to the state and the citizens alike. The country’s public and private properties have been the target of West-backed armed terrorist groups and mercenaries for the past 22 months during which industrial and production facilities were stolen, destroyed or at least closed as a result of terrorist attacks.

Industry, particularly in the terrorism-hit city of Damascus Countryside, which includes thousands of industrial, investment and vocational facilities, was greatly affected. This city was an excellent model of industrial zones, because of its distinguished geographic position, good infrastructure and its being close to marketing centers.

The number of industrial and vocational facilities licensed under the provisions of investment law in Damascus Countryside reached 16829 by the beginning 2012. With a capital of (SYP) 130 billion, these facilities provided 86.000 job opportunities. The value of their equipments and machines exceeded (SYP) 50 billion.

An analytic view on the impacts of the ongoing crisis on the industrial activities in the city of Damascus Countryside showed that the current crisis has resulted in a notable decrease in the number of job opportunities as well as sales by 50-60%.

Eng. Ibrahim al- Biqa’i, Director of Damascus Countryside’s Industry, said in his analysis that the volume of industrial investments was also affected as industrialists refrained from importing equipments necessary for scheduled projects fearing terrorist attacks.

“Safety conditions are law and raw materials don’t reach targeted facilities causing further increase of materials’ prices which in turn negatively reflected on the competitiveness of national products and on the exportation activities which decreased remarkably, al-Biqa’i said.

He referred to the difficulty of providing basic infrastructure necessary for industry including power supplies like electricity, diesel oil and fuel due to the criminal acts particularly in terrorism-affected areas. “Many industrial facilities were stopped and the rate of production was decreased at 50%,” he pointed out.

Emergency plan

These challenges necessitated a plan so as to carry on industrial production. Therefore, according to al-Biqa’I, the Directorate of Industry of Damascus Countryside in coordination with the Industry Ministry, the Chamber of Industry and the governorate of Damascus Countryside were keen to facilitate procedures of providing licenses for enterprises, accelerate e-government process and restructure the directorate so as to achieve proper, attractive and encouraging environment and provide facilitations, including the exemption of vocational and industrial enterprisers from income taxes and customs since the current crisis is considered as a no work era.

Hurrying in fixing the damaged infrastructure of the industrial zones and seeking stable foreign currency exchange price and assessing the damages caused by the terrorist groups’ acts are needed in addition to encouraging the work of industrial facilities through offering well-studied discount on the accumulated installments of social insurance and granting a new exemption period to pay due loans, said al-Biqa'i.

Regarding the protection of strategic industries and production, Eng. Al-Biqa’i pointed out that the directorate, in cooperation with concerned parties, is keen to specify the strategic industries which directly affect citizens’ life in order to transfer them to safer and more stable areas. They are also trying to ensure protection to industrial and vocational facilities located in the safe areas and to help those who want to move their industries from hot areas. In addition, these parties are also keen to protect the movement of production convoys of industrial facilities and keep working around the clock to compensate for the loss of production.

Al-Biqa’i added that the directorate has tasked committees within the city's districts and administrative units with ensuring necessary protection of industrial facilities and to keep in contact with the industrial directorate, chamber of industry and the administrative units to update them with new developments.

More than 78 facilities were cancelled during the past four years. Most of them were cancelled due to terrorist acts in the past two years.

The number of cancelled vocational projects reached 56 including textile, chemical, food and engineering industries. However, no specific figure is provided by the directorate on the terrorism-hit facilities, despite the fact that many of them were damaged, closed ore moved to safer areas due to the siege, the armed terrorist groups’ acts of sabotage, stealing, killing and kidnapping, the increase of the foreign currency exchange rate, high prices of raw materials and the absence of safety on highways.

Statistical data at the Industry Chamber of Damascus and its countryside revealed that 145 facilities were damaged, but concerned parties in the chamber acknowledged that the number is bigger.

H. Mustafa