Since mid-2016, the relative stability of the exchange rate of the Syrian Pound and a different monetary policy approach has begun with a focus on:
- Improve the management of money in circulation through the following instruments:
Develop liquidity management more effectively.
Improving controls on financing operations and applying clearer credit standards to reduce credit risk and encourage production processes.
- Monitor import and export operations, in coordination with concerned parties, and monitor foreign exchange allocations more effectively to ensure more effective control of foreign exchange resources and uses.
- Develop payment tools by accelerating the development of the RTGS system and the electronic clearing system to reduce the circulation of banknotes and reducing the manipulation factors in the exchange rate and speculation, which will allow the rapid transfer of funds between banks to encourage deposit and accelerate transfers and better control of liquidity and making policies more accurate and effective.
- Completion of building the necessary operating systems to develop the work of the Central Bank of Syria and its ability to supervise.
- Reactivate and develop direct and indirect monetary policy instruments.
• Finding the best legal and banking means to deal with the unjust sanctions imposed on the Syrian people for its different sectors