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Central Bank of Syria
  Central Bank of Syria on the Sabaa Bahrat Square in Damascus | |
| Headquarters | Damascus, Syria |
|---|---|
| Established | 28 March 1953 (legal) 1 August 1956 (began operations) |
| Ownership | 100% state ownership[1] |
| Governor | Maysaa Sabreen |
| Central bank of |  Syria |
| Currency | Syrian pound SYP (ISO 4217) |
| Bank rate | 0% |
| Interest on reserves | 6.00% |
| Preceded by | Bank of Syria and Lebanon (until 1953) |
| Website | www |
The Central Bank of Syria (Arabic: مصرف سورية المركزي, romanized: Maṣrif Sūriya al-Markazī; CBS) is the central bank of Syria. The bank was established in 1953 and started operations in 1956. Its headquarters are in Damascus, with 11 branches in the provincial capitals.[2] The objective of the bank is "to foster the stability, integrity and efficiency of the nation’s financial and payment systems so as to promote optimal macro economic performance".[3]
The CBS issues Syria's currency, the Syrian pound (LS), and sets the intervention price in the foreign currency market for the Syrian pound on a daily basis. The CBS exercises control over all banks operating in Syria.
- ^ Jan Weidner (2017). "The Organisation and Structure of central Banks". Technische Universität Darmstadt. p. 265.
- ^ "CBS's Branches in Syria". Archived from the original on 4 October 2006. Retrieved 11 October 2013.
- ^ "Central Bank of Syria official website". Archived from the original on 25 September 2013. Retrieved 11 October 2013.
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