Central Bank of Syria governor changes policy and provides state treasury with foreign currency ...Syria

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Enab Baladi – Jana al-Issa The recently appointed governor of the Central Bank of Syria (CBS), Mohammed Issam Hazima, has taken a clearly different administrative approach from that of his predecessor, Hazem Qarfoul. Hazima eased some of the restrictions imposed by the former CBS chief, Qarfoul, who tightened controls on the use of foreign exchange as a means of payment for Syrians. Last April, the Syrian regime’s president Bashar al-Assad dismissed Qarfoul from his position as the CBS’s chief and issued a decree appointing Hazima as his successor after indirectly accusing Qarfoul of corruption and holding him responsible for the 2020 exchange rate hike. After Hazima’s appointment, m

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