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Last Update : Thursday, February 09, 2012- 08:30 PM -Damascus

Economy>>Syrian-Qatari economic relations promising and in continuous advance

Syrian-Qatari economic relations promising and in continuous advance

Mar 09, 2010

Doha, SANA_ Governor of the Central Bank of Syria Adib Mayyaleh has said that Syrian-Qatari economic relations are promising and in continuous advance, emphasizing the strong presence of Qatari banks in Syria and their role in strengthening developments and business.

In an interview published Tuesday with the Qatari newspaper "Al-Sharq", Mayyaleh noted that Syria has taken practical steps for the liberalization of foreign currencies policies as a prelude to the total liberation of the economy and integration with the world's biggest economies.

"The Syrian economy is moving strongly toward diversity and creating a basket covering all sectors, and the value of the Syrian pound exchange rate is stable now after the pound was disengaged from the US dollar," he said, adding the Syrian Pound values has been improving depending on the real performance of the national economy.

Mayyaleh mentioned that the Central Bank of Syria is the party which sets the values of the pound in terms of buying and selling.

He said that the financial and economic reform process in Syria is going on strongly and gradually.

The Governor noted that the government has taken steps to reduce taxes by 95% to 15% and 25% to reach the tax exemption.

" Doors are opened to investors without obstacles and investment in Syria is an investment for the future." Mayyaleh concluded.

Ghossoun /

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