Central Bank of Syria

The Central Bank of Syria is the primary monetary authority in Syria. It is tasked with issuing the Syrian pound, managing the country’s foreign exchange reserves, and regulating liquidity to counter inflation and market volatility. Operating in a challenging economic and political environment, the bank has historically focused on maintaining financial order and stabilizing prices. In recent years, it has initiated reforms to modernize its operational framework—including gradual adoption of digital payment platforms and measures aimed at enhancing cybersecurity—to protect financial transactions. Although transparency can be limited by the broader context, periodic economic updates and policy statements help provide stakeholders with insight into its actions. Moreover, the bank works to collaborate with select international bodies to gradually integrate aspects of global best practices into its regulatory processes. Efforts to enhance financial inclusion, despite prevailing challenges, remain a priority as part of its mandate to support the broader economy. Overall, the Central Bank of Syria continues to play a crucial role in steering the country’s monetary policy amid persistent external pressures and domestic reforms.