CBS calls on businessmen and citizens to employ regular banking channels in their transactions

Damascus, SANA – The Central Bank of Syria (CBS) called on the owners of economic projects and citizens to employ in their transactions the regular banking channels which are represented by the licensed financial intuitions, in order to avoid high risks, legal accountability, and heavy financial losses.

The CBS affirmed in a statement that it continues to implement its recent procedures to regulate the foreign currency market, advising the owners of economic projects and citizens to avoid involvement in the black market and to not follow websites and applications whose owners seek to harm the national economic  by setting high exchange rates that are removed from the reality of the market, trying to make up for losses caused by the improving SYP exchange rate and publishing incorrect information which cause heavy losses to those who act upon said information.

Hybah / Hazem Sabbagh

Check Also

Turkish occupation and its terrorist mercenaries destroy archeological hills in Balikh basin in Raqqa

Raqqa, SANA – The Turkish occupation forces and their mercenaries from terrorist organizations on Monday …