Central Bank Intervention Responsible for Stabilizing Syrian Pound: PM

Cabinet reviews Central Cank's intervention measures following stability in the pound exchange against the dollar

The Cabinet met on Tuesday to review recent efforts to improve the exchange rate of the Syrian pound and water rationing measures.

Chairing the session, Prime Minister Wael al-Halki said the new intervention operations taken by the Central Bank contributed to improving the rate of the pound against the dollar, affirming that the stability of the exchange rate is one of the top priorities of the government, adding that its recovery should reflect positively on market prices.

The PM also stressed that climate change in the region has adversely affected Syria’s water supply, requiring the state and citizens to implement short and long-term strategies for reducing and optimizing water consumption.

This article was edited by The Syrian Observer. Responsibility for the information and views set out in this article lies entirely with the author.


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