Latest news with #MaysaaSabreen
Shafaq News
27-03-2025
- Business
- Shafaq News
Syrian Central Bank Governor resigns after less than three months
Shafaq News/ Maysaa Sabreen, the governor of Syria's Central Bank, resigned from her post on Thursday, less than three months after assuming the role on an interim basis, she told Reuters. A Syrian official and a financial sector source told Reuters that a replacement is expected to be appointed once the new government is formed in the coming days. Sabreen had served as the first deputy governor of the central bank since November 2020 and has more than 15 years of experience in the financial and banking sector. She holds a bachelor's and a master's degree in accounting from Damascus University, along with a certified public accountant qualification. She previously headed the government commission for banks and was a board member of the Damascus Securities Exchange before taking on her most recent role.
LBCI
27-03-2025
- Business
- LBCI
Syrian Central Bank governor submits resignation
Maysaa Sabreen, the governor of the Central Bank of Syria, told Reuters in an interview on Thursday that she submitted her resignation less than three months after assuming the position temporarily. A Syrian official and a source within Syria's financial sector confirmed that a replacement for Maysa Sabreen is expected to be appointed once the new government is formed in the coming days. Reuters
LBCI
14-02-2025
- Business
- LBCI
Syria receives unspecified amount of local currency from Russia
Syria's central bank said that Syrian currency had arrived at Damascus airport from Russia, where banknotes were printed under the rule of toppled President Bashar al-Assad, Syria's state news agency SANA reported Friday. The central bank did not specify the amount of local currency that had arrived. Syria's new central bank governor Maysaa Sabreen told Reuters in January that she wanted to avoid printing Syrian pounds if possible in order to guard against fluctuations in inflation rates. Since then, Syria's pound has strengthened on the black market, trading at 9,850 pounds to the U.S. dollar on Thursday, according to exchange houses, which are closed on Friday. The official foreign exchange rate has stayed around 13,000 pounds to the U.S. dollar, according to statements by the central bank. Reuters
Yahoo
14-02-2025
- Business
- Yahoo
Syria receives unspecified amount of local currency from Russia
DUBAI (Reuters) - Syria's central bank said that Syrian currency had arrived at Damascus airport from Russia, where banknotes were printed under the rule of toppled President Bashar al-Assad, Syria's state news agency SANA reported on Friday. The central bank did not specify the amount of local currency that had arrived. Syria's new central bank governor Maysaa Sabreen told Reuters in January that she wanted to avoid printing Syrian pounds if possible in order to guard against fluctuations in inflation rates. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Since then, Syria's pound has strengthened on the black market, trading at 9,850 pounds to the U.S. dollar on Thursday, according to exchange houses, which are closed on Friday. The official foreign exchange rate has stayed around 13,000 pounds to the U.S. dollar, according to statements by the central bank. The rate reflects a continued strengthening of the pound since Islamist rebels toppled Assad in December, helped by an influx of Syrians from abroad and an end to strict controls on trade in foreign currencies. But that has sparked concerns about liquidity in Syrian pounds. The central bank only has foreign exchange reserves of around $200 million in cash, sources told Reuters, a huge drop from the $18.5 billion that the International Monetary Fund estimated Syria had in 2010, a year before the civil war broke out. A report this month by international aid group MercyCorps' crisis analysis unit said households were struggling to pay for basic needs because of liquidity shortages in the market. Before it turned to Russia, Syria had its money printed in Austria by Oesterreichische Banknoten-und Sicherheitsdruck GmbH, a subsidiary of the Austrian central bank.
Asharq Al-Awsat
14-02-2025
- Business
- Asharq Al-Awsat
Syria Receives Unspecified Amount of Local Currency from Russia
Syria's central bank said that Syrian currency had arrived at Damascus airport from Russia, where banknotes were printed under the rule of toppled President Bashar al-Assad, Syria's state news agency SANA reported on Friday. The central bank did not specify the amount of local currency that had arrived. Syria's new central bank governor Maysaa Sabreen told Reuters in January that she wanted to avoid printing Syrian pounds if possible in order to guard against fluctuations in inflation rates. Since then, Syria's pound has strengthened on the black market, trading at 9,850 pounds to the US dollar on Thursday, according to exchange houses, which are closed on Friday. The official foreign exchange rate has stayed around 13,000 pounds to the US dollar, according to statements by the central bank. The rate reflects a continued strengthening of the pound since opposition groups toppled Assad in December, helped by an influx of Syrians from abroad and an end to strict controls on trade in foreign currencies. But that has sparked concerns about liquidity in Syrian pounds. The central bank only has foreign exchange reserves of around $200 million in cash, sources told Reuters, a huge drop from the $18.5 billion that the International Monetary Fund estimated Syria had in 2010, a year before the civil war broke out. A report this month by international aid group MercyCorps' crisis analysis unit said households were struggling to pay for basic needs because of liquidity shortages in the market. Before it turned to Russia, Syria had its money printed in Austria by Oesterreichische Banknoten-und Sicherheitsdruck GmbH, a subsidiary of the Austrian central bank.
