Central Bank of Syria

The Central Bank of Syria is the national financial institution responsible for managing the country’s monetary policy, currency issuance, and overall financial stability. Established to facilitate economic growth and stability, it plays a critical role in regulating the banking sector and ensuring the integrity of the financial system. The bank is tasked with overseeing the national currency, the Syrian pound, and implementing policies that influence interest rates and inflation. It also acts as the government’s bank, managing public sector accounts and foreign reserves. In times of economic challenge, the Central Bank of Syria may intervene in the foreign exchange market to stabilize the currency or implement measures to support financial institutions. Its broader objectives include promoting a stable financial environment conducive to economic development.