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[size=30]Good news for investors coming to Syria[/size]
04/05/2019 10:00 AM | Number of readings: 1
The Central Bank of Syria issued an explanatory statement on Resolution 13 concerning arrivals to the country through the border crossing points, indicating that it aims to facilitate banking transactions for expatriates and investors.
The Central Bank issued a statement, which explained that Resolution 13 allows those coming to Syria through the border crossings to obtain banking services and deposit their money within the banking channels once they enter Syrian territory.
The Central Bank of Syria said that the decision allows the depositors to transfer their funds temporarily deposited at the border offices to the bank accounts of their choice, whether at the branch of the bank to which the office belongs or to transfer it to another bank account at any time of arrival.
The Central Bank also pointed out that this decision allows those coming in and out of foreign exchange amounts at ceilings above the ceiling specified in the Monetary and Credit Council's decision.
The bank pointed out that those who come to Syria across the border can purchase foreign currency from it according to the regulations issued by it.
The Central Bank said that Resolution 13 will facilitate banking and financial transactions for expatriates and investors related to their work, especially in the next stage.
The Anti-Money Laundering and Terrorism Financing Authority of the Central Bank of Syria issued a circular last year setting out the amounts and foreign currencies allowed to be transferred across the border, allowing the entry of cash without declaring less than US $ 5,000 or the equivalent of foreign currencies , While the maximum amount of cash allowed to enter as soon as the declaration of 100 thousand US dollars.
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