AANES issues decision allowing bank licensing in northeast Syria ...Syria

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AANES issues decision allowing bank licensing in northeast Syria
The Autonomous Administration of North and East Syria (AANES) has issued a decision aimed at organizing the licensing of local and foreign banks to operate in its controlled areas in northeastern Syria. AANES, by virtue of the decision issued today, Thursday, January 25, has banned the use of the words “bank”, “financial institution”, or any synonyms in any language in the facility’s official documents, publications, business titles, names, or commercial advertisements, unless it has obtained a license from AANES’ affiliated Monetary Bureau. The 40-article decision, each containing several clauses, explained the mechanism for extracting licenses to open banks in AANES-controlled areas, wheth

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