Syria Is Expecting More than a Billion Dollars to Start New Banks.
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4 Articles
The Governor of the Central Bank of Syria anticipates foreign financial flows to establish new banks in Syria, confirming that there are no financial risks because the law allows the foreign investor to retain 60% of the capital paid in foreign currency.
The Governor of the Central Bank of Syria, Mohammed Safout Raslan, expected that foreign capital inflows to establish new banks in Syria would exceed $1 billion in the coming period, as part of a central bank ' s strategy package to promote investment in the country, protect the rights of customers and open safe transfer corridors through official channels.
Syria expects more than a billion dollars of foreign capital to flow to establish new banks, according to the Governor of the Syrian Central Bank, Mohamed Safout Raslan. Ruslan said that the law allows a foreign investor to retain up to 60% of the foreign-currency capital, ensuring profit transfer and eliminating restrictions on the sale, purchase and transfer of currencies.
The Central Bank of Syria anticipates an inflow of foreign capital of over $1 billion to establish new banks in the coming period, in a move that reflects the shift of banking-sector reconstruction plans from attracting external interest to attracting real investment, in parallel with expanding remittance channels and reconnecting the financial system to regional and international markets. Bank Governor Mohamed Safout Raslan said, according to d…
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