To roll economic wheel, regime approves loans in foreign currencies ...Syria

Enab Baladi – Jana al-Issa The Central Bank of Syria issued on April 5 a decision allowing banks licensed to deal in foreign currencies to grant loans in foreign currencies to finance development investment projects, but according to specific conditions. The decision stipulated that the investment projects under which loans are granted should have export or service economic activities and services that lead to the collection of cash flows in foreign currency. The decision also required that the bank have evidence that the expected cash flows in foreign currency for the project are not less than the value of the installments and benefits of the credit facilities granted. The bank gran

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