Treasury bonds: Inadequate solution for Syria’s deficit financing ...Syria

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Treasury bonds: Inadequate solution for Syria’s deficit financing
Enab Baladi – Muhammed Fansa The fourth consecutive and final auction of treasury bonds for the current year in Syria did not succeed in exceeding 50% of the amount allocated for sale, which economists attributed to the fact that investing in these bonds is considered a loss in light of the ailing condition of the Syrian economy. On November 22, the regime’s Ministry of Finance announced that 11 subscription offers were submitted for the treasury bonds so that the total value of the accepted offers reached 100 billion Syrian pounds, i.e., a coverage rate of 50% of the target issue size. The interest rates offered in these offers ranged between a minimum of 9.5% and a maximum of 11%. As for t

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