Breaking News

Governor of the CBS: The rise in the dollar exchange rate as a result of a systematic campaign to weaken the Syrian pound and the national economy

DAMASCUS- The Governor of the Central Bank of Syria, Dr. Hazem Qarfoul, confirmed today that the high exchange rate of the US dollar is part of a systematic campaign to weaken the Syrian pound and the economy, undermine confidence in the central bank and its procedures and push citizens to fear and abandon their national currency.

He said in a telephone conversation with the Syrian News Channel that the campaign coincided with the US Penal Code (Caesar), which was imposed on Syria, expressing his regret for some people who are satisfied with, deliberately or unintentionally, that economic war being waged against Syria.

Mr. Qarfoul said  that the basic compass of the Central Bank of Syria is the interest of the citizen, the treasury of the state and the national economy and the care of national industry, pointing out that the bank is not interested in the game of luring by some websites and means of social communication and "some media" to push the central Bank to raise the exchange rate and pay it to high levels.

He pointed out that the central bank is primarily concerned with the livelihood of the citizen, the national economy, the reduction of costs and not those who imagine that they could make a pressure on the central bank to raise the exchange rate to achieve their own interests.

In reply to a question whether the exchange rate of the dollar is real or imaginary, he said: This rise is deceptive and has no economic justification and has no basis whatsoever on the ground, but some speculators and some who have accumulated a good amount of dollars accustomed to a particular policy adopted in the past by the central bank that when a kind of tension is created in the foreign exchange market and the difference in price reaches between 30 and 50 Syrian pounds, the central bank takes an initiative to move the bulletin or pump tens or hundreds of millions of dollars, but today the speculators should accept that there is a new policy of the central bank saying that every dollar exists in the bank and the Syrian state is the right of the citizen and the Syrian economy including oil, medicine and production supplies and we are not interested in placing this foreign currency in the pockets of speculators and a few traders who imagine that the central bank will lean into this game and raise the exchange rate or pump dollars.

In reply to another question: Is it possible to adjust the reality of the Syrian pound against the dollar today, Mr. Qarfoul said: Certainly, monetary policy is at the service of economic policy and we can’t direct all the resources to serve the exchange rate, explaining that the exchange rate can be set through the policies pursued by the Central Bank of Syria, which aims primarily to create incentives in the national economy, push the economic wheel and resume economic activity by ensuring access of many individuals and companies to sources of funding.

He stressed that the bank will take legal action against all those who letthemselvesbe seduced to manipulate the exchange rate or pressure the central bank to push it to options against the interest of the citizen and the national economy.

“The bank and through its tools and the Anti-Money Laundering Authority has done many tasks to control all sites that manipulate the exchange rate of the Syrian pound or persons who employ illegal activities aimed at weakening the Syrian pound,” Mr. Qarfoul added.

He pointed out that the question that every citizen should ask, “who is the beneficiary of raising the exchange rate ... Why this fierce campaign to put the central bank under the slogan that there is a big difference between the official price and the parallel price and that this gap must be bridged.”

“The real target today is the Syrian pound, which requires a lot of awareness, especially that raising the exchange rate will not serve the citizen or the national industry because it will raise the costs of national production and will rise prices to high levels in the war that affected the purchasing power of citizens and made their incomes low,” Mr. Qarfoul clarified.

He added that the government has made all possible efforts to support the export sector through supporting the farmer, providing electricity, fuel and providing all the conditions to participate in exhibitions and bear the expenses of air transport, including direct support for exports and therefore, as we hear through the reports of the Exporters Federation that our exports reach more than 100 countries and worth to more than $ 4 or 5 billion and these large amounts of money are the right of the Syrian state, the citizen and the Syrian economy.

In reply to a question that some who say that the reason for the recent rise in the exchange rate some of the traders affected by anti-corruption measures or control of the corrupt environment Mr. Qarfoul said: Unfortunately, Yes ... there are some hard positions published on the websites and target the Central Bank and try to distort the facts and mislead the public opinion by saying that "these actions will harm the Syrian industry" and there are few consider that their interests will be affected if the Central Bank to approve the restoration of export quotas.

And about the silence of the Central Bank of everything published and is said through the media about the high exchange rate, Mr. Qarfoul said that the central bank is not interested in responding to everything that is said of rumors, confusion and misleading because the CBS follows a conservative policy and speaks when there is a new decision or a new policy.

Sharif al -Khatib

Sustainable Development of Natural Resources and Support for Economic and Social Growth

Lattakia-The diverse natural resources are the backbone of the national economy and provide financial income to thousands of Syrian families and the fact that many natural resources have been depleted in Syria, especially in recent years due to many factors, including climate change, drought, rapid and accelerating population growth and the resulting encroachment of forests and agricultural lands and its natural resources. A number of Syrian researchers at the Agricultural Scientific Research Center in Lattakia have worked on developing preventive and curative scientific strategies to reduce the state of deterioration.

Studies have indicated that degradation is the result of non-scientific methods of soil management, which causes its low fertility and the increase of degradation, especially as water drift, erosion, misuse of flat and groundwater resources, forest reduction and low productivity as a result of erosion, cutoffs of forests and fires, and therefore the reduction of large areas of pastures, pastoral lands and irrigated lands in arid and semi-arid areas affected by random agricultural practices by indiscriminate agricultural practices.

Eng. Solaf Halloum, researcher at Al-Hanadi Research Station, explained the importance of carrying out an in-depth scientific and research study on the economic and social condition of population, income and development problems in the region in order to achieve sustainable management and access to the necessary strategies to reduce degradation of natural resources and enhance the participatory situation to develop agricultural plans and policies to distributeproducts and raise awareness of the concept of sustainability through governmental and non-governmental organizations and holding accountable those who deplete natural resources in unfair ways.

Mrs. Halloum proposed to combat overfishing of forests, rehabilitation of forests and natural reserves, forestation of areas degraded by local trees on scientific ground, and enactment of legislation and laws for the protection of forests.

According to Raba Issa, researcher at the Lattakia Research Center said that land use changes have had an impact on the sustainable development of natural resources, which have been affected by many factors that require work to protect natural pastures from overgrazing, random plowing and agricultural expansion at the expense of pastureland and rangelands by cultivating local varieties or a suitable intervention for the environmental conditions in the area concerned and the organization of grazing by the framework of cooperatives or associations and stop the urban encroachment on agricultural land and pastures.

Dr. Issa Kibibu of the Faculty of Agriculture, Tishreen University, said that agricultural residues are vital, vegetative, organic and industrial and household waste plays an important role in the production of combustible, combustible gas and its use in generating electrical, thermal, mechanical and kinetic energy and for the operation of cars and tractors.

"In accordance with the rationalization of irrigation water use and the use of advanced and modern irrigation and drainage systems to reduce soil erosion and saline, and to combat soil pollution with fertilizers and chemical pesticides by rationalizing the use of these substances by using vital alternatives and integrated treatment methods," Kibibu said.

Sh. Kh.

Local Projects to Mitigate the Effects of Desertification

DAMASCUS - The World Day to Combat Desertification and Drought is observed every year on 17 June to spread awareness among people about the cooperation required to combat desertification and the effects of drought. No doubt that desertification and drought are main problems seen globally and affect all regions of the world.

World Day to Combat Desertification and Drought is a unique event that remind people in the world that land degradation neutrality can be achieved when there will be cooperation at all levels, strong involvement of the community and problem-solving. This day also celebrates the progress made by the countries on sustainable land management and what should be done in the world so that land degradation neutrality will provide a solid basis for poverty reduction, food, water security, climate change, mitigation and adaptation.

Syria joined to the United Nations Convention to Combat Desertification (UNCCD) since 1994, the Directorate of Biodiversity, Land and Protected Areas of the Ministry of Local Administration and Environment, in cooperation with several agencies, is following up the implementation of the National Plan to Combat Desertification.

The Directorate is currently carrying out two projects in this area, namely the application of national indicators of land degradation and desertification in land degradation assessment and the preparation of strategies to address the problems of land degradation and desertification resulting from the terrorist war on Syria using land degradation indicators in cooperation with ACSAD, according to the Director of Biological Diversity at the Ministry Eng. Bilal Al-Hayek.

Mr. Al-Hayek said in a statement to SANA that work is also underway to study and monitor natural phenomena through the use of satellite imagery and mitigation by taking the necessary measures and the necessary precautions to mitigate their effects on population and resources, Pointing out that since 2017, the Land Degradation Study Project has been implemented by using remote sensing techniques and geographic information system (GIS) in the coastal region. 

He pointed to the preparation of a program to neutralize the effects of land degradation at the national level, which contributes to combating desertification and restoring land and degraded soil affected by drought and floods.

On the occasion of the World Day, the United Nations will select the title for its campaign this year to "build the future together", warning that 135 million people will be displaced by 2045 due to desertification and 1.8 billion people suffering from water scarcity by 2035.

Sharif Al -Khatib

Some 40.000 Visitors Toured Motor Show

Damascus- The International Exhibition of Motor Vehicles and Machinery (Motor Show), organized by Al-Atassi for organizing exhibitions and marketing in cooperation with the Ministry of Transport on the grounds of the exhibition city, concluded its activities on Monday.

During the five-day of the exhibition, 48 companies presented different types and models of modern cars, spare parts, accessories, car care materials, all kinds of oil and grease, diagnostic and inspection equipment for breakdowns, maintenance equipment, sound systems, and all related to car service, driving school facilities, fuel stations, laundries and specialized magazines in the world of motors.

The Syrian Pavilion at the Beijing Expo for Horticulture ... A Heritage Character and a Tourist Attraction

Damascus- The participation of the Syrian companies in the 2018 Beijing International Horticultural Expo, which is being held in Beijing under the title "Green Life, Better Life", has attracted attention of the visiting delegations to the Syrian pavilion.

The Syrian pavilion in the exhibition extends over 200 square meters with the participation of a number of Syrian companies specialized in tourism, agriculture and handicraft industries to display their products including the Damascene flower, the various agricultural seedlings and the most important oils and industries which are famous for Syria.

On the participation of the Ministry of Tourism in the exhibition, Deputy Minister of Tourism, Bassam Parsik, explained that his ministry worked in cooperation with the Ministry of Agriculture and the Syrian Embassy in China to design the Syrian pavilion in accordance with traditional heritage as a media and tourism attraction.
The pavilion has been decorated with a number of paintings and photos of the most important tourist sites in Syria in addition to some artifacts.

"A number of craftsmen were sent to participate in the exhibition in order to introduce the traditional crafts and industries that characterized Syria, as well as a number of promotional films and materials in the Chinese language to achieve active participation and attract tourists from both China and the multi-national visitors," he clarified.

The importance of the participation of the Ministry of Tourism in the exhibition, according to Mr. Parsik, to highlight the cultural image of Syria and promote its important location and competitive industries, thus contributing to the opening of new markets and benefit the Syrian economy.

It noteworthy that over 110 Arab and foreign countries and organizations re taking part in the Exhibition.
The Beijing 2019 Expo began on April 29 and continues until October 7. The exhibition covers an area of 503 hectares at the foot of the Great Wall and is expected to attract 16 million visitors from around the world. The event is considered as an important global station for economic and cultural exchanges and business.


Sh. Kh.