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Central Bank Says Will Take Decisive Measures to Stop Manipulation

Mayaleh said the Syrian Pound has been stable in recent months
Central Bank Says Will Take Decisive Measures to Stop Manipulation

The Governor of the Central Bank of Syria (CBS) Adib Mayaleh said on Sunday that a slight decrease in the price of the Syrian Pound (SP) against foreign currencies late last week was due to renewed pressure on the SP in a bid to undermine the national economy.

 

He confirmed that the CBS will prevent manipulators from destabilizing the exchange rate, which it has been able to keep it steady over recent months.

 

Mayaleh made clear that the CBS will take “very decisive measures” to block any attempts to manipulate the Syrian Pound. He said that currency exchange institutions have been invited to an urgent meeting Monday to discuss developments and suggested measures to get the exchange rate back to its stable rates.

 

Translated and edited by the Syrian Observer

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