Gold imports revive goldsmiths at Syrian pound’s expense ...Syria

ُEnabbaladi - News
Gold imports revive goldsmiths at Syrian pound’s expense
Enab Baladi – Jana al-Issa The Syrian regime’s government approved on October 15 a draft legislative instrument related to gold imports, under which it granted a set of exemptions to importers of raw gold, but according to certain conditions. Although this decision contributes to reviving production and is in the interest of goldsmiths’ markets, it may negatively affect the value of the pound because the operations accompanying this legislative instrument require the already low trading of USD in the market. $200 per kilogram Under the legislative instrument, Syrians, resident, and non-resident foreigners are allowed to bring raw gold (an alloy weighing at least one kilogram of 24-carat gold

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