Mayaleh: Steps taken to protect the Syrian pound

Governor of the Central Bank of Syria(CBS) Dr Adib Mayaleh confirmed that the fierce war against Syria and its people is behind the decline of the Syrian Pound exchange rate against USD, in addition to the psychological factor that drives citizens to fear and exchange their savings from Syrian pounds to Dollars. In an interview with the Syrian TV, Mayaleh said that Syrian Pound has achieved great steadfastness where many people bet on its falling within months and this will not happen, adding that the rise of USD exchange rate in the last week came as a result of excessive speculation, pointing out that the rate declined last Wednesday. The Governor clarified that the CBS continues to meet the needs of the national economy by providing foreign currency for imports and non-commercial operations like medical care and study, adding that the CBS will take several procedures to protect the Syrian Pound by issuing certificates of deposit with high interest to restore the purchasing power to the Syrian Pound. He hailed the Russian and Chinese role in supporting Syrian economy and the growing relations with Iran, which is linked to Syria with a credit line worth USD one billion, pointing out that these number are enough to support the Syrian Pound.