AANES seeks financial system regulation through new laws ...Syria

News by : (ُEnabbaladi) -
Enab Baladi – Khaled al-Jeratli The Autonomous Administration in North and East Syria (AANES) has approved a law that regulates the transfer of funds to and from its areas of control east of the Euphrates River, whether through the four control areas or its borders with Iraqi Kurdistan. The Central Monetary and Payment Office, affiliated with AANES’ Directorate of Anti-Money Laundering, announced what it called the “Executive Instructions for Cross-Border Money Transfers,” which included cash in the form of banknotes and coins, in the local currency or any other currency. According to what AANES published through its official channels on December 11, the instructions include commercial bonds

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