currency and crediting council resolutions and regulations

  • Resolution Nr.1041 of 2013 which amended article Nr.1 of the resolution Nr.75 of 19-9-2004 regarding permitting natural persons listed in the article 100 of the law 23 of 2001 to obtain financing from any of the working banks.
  • Resolution Nr.1051 of 2003 related to amendment of paragraphs of the currency and crediting council Nr.756 of 2011 and paragraphs of its executive instructions .
  • Resolution Nr.963 of 2013 which grants Islamic banks in Syria additional periods to apply provisions of article (1) of the paragraph A related to work system of legislative control commissions at Islamic banks in Syria .
  • Resolution Nr.939 of 2013 related to continuation of periods granted as per resolution Nr.826 of 2013 to finalize over dues on maximum rates of facilitation financing and foreign currency centers , coming out of the high exchange prices exclusively up to 30/6/2013 according to controls mentioned in the previously stated resolution .
  • Resolution Nr.936 of 2012 related to the work system of the legislative control commissions at Islamic banks.
  • Resolution Nr.919 of 2012 related to allocation of additional credit to the Cooperative Agricultural Bank in favor of the General Organization for Cotton Ginning and marketing   , for the season 2012-2013.
  • Resolution Nr.938 of 2012 which included identification of annual interest deducted by public banks on credits and facilitations granted to economic public sector institutions .
  • Resolution Nr.923 of 2012 regarding the commission percentage of /3/ per thousand of the transferred amount by the Central Bank of Syria from the accounts of money exchange companies in Syrian Pounds and outside the city of the branch .
  • Resolution Nr.903 of 2012 related to the approval upon opening a current account for internal money transfers companies in Syrian pounds at the Central Bank of Syria .
  • Resolution Nr.902 of 2012 related to amending articles of the instruction attached to resolution Nr.597 and articles of the resolution Nr.650 .
  • Resolution Nr.901 of 2012 concerning adoption of executive instructions  related to returned checks in banks working in Syria .
  • Resolution Nr.899 of 2012 related continuation of work in ultimate limits of credit concentrations with bank groups and financial institutions abroad , which are stated in resolution Nr.751 of 2011 till 30/6/2013
  • Resolution Nr.898 of 2012 , regarding suspension of article Nr.6 of the prime ministry’s resolution Nr.5938 of 2011 which stipulates the following :In case of formation of reserve account in foreign banks note a percentage of one per thousand is deducted from paid amounts .
  • Resolution Nr.882 of 2012 related to the approval upon contribution of Al Barakeh – Syria bank in establishing a limited liability company its objective is to work in the field of real-estate development as per provisions of law Nr.15 of 2008 at 35 million S.P
  • Resolution Nr.850 of 2012 related to the opening of the second branch of the National Microfinance Institution (Syria) in Lattakia governorate .
  • Resolution Nr.829 of 2012 related to approval upon opening a branch of the National Microfinance Institution in Damascus
  • Resolution Nr 837 of 2012 related to the approval upon opening a branch of the Bank of Innovation Microfinance .
  • Resolution Nr.768 of 2011 regarding the maximum limit of the commission on transfers issued outside Syria .
  • Resolution Nr.763 of 2011 related to the usage of definitions mentioned in this resolution within the framework of application of all resolutions concerning organization dealing with foreign currency .
  • Resolution Nr.811 of 2012 regarding amending the net indebted creditor percentage of operational currency centers .
  • Resolution Nr. 348 of 16.1.2008 which allows licensed banks to grant credits in foreign currencies to finance investment projects licensed by investment encouraging laws .
  • Resolution 381 of 27.3.2009 .Regarding granting bank facilitations in foreign currencies .
  • Resolution 395 of 29.5.2008 . Regarding adoption of instructions of facilitations and financings given to natural or legal persons or to an integrated group , specified by 25% of banks money , where as it was 20% .
  • Resolution 460 of 31 .1.2009 . Which allows Central Bank of Syria to finance banks in Syrian Pounds to support their liquidity , if financing aims were for investment purposes strictly .
  • Resolution 461 of 2009 , to exempt development investment projects , from commitment to instructions of bank risks concentrations . So that they do not exceed 35% of the total of net money instead of 25% .
  • Resolution Nr. 502 of 10.5.2009,related to reduction of reserved requirements on part of the assets , which are facilitations and financing of industrial sector from one point to five points , so that the rate of obligatory reserve imposed on part of banks assets is reduced.
  • Resolution Nr. 512 of 13.5.2009 ,  to adopt instructions of granting approval to open representing offices of banks and other financial institution ( non Syrian) in Syria .
  • Resolution Nr.536 of 26.7.2009 which  allows establishments licensed by legislative decree Nr.15 of 2007 and its amendments to borrow from abroad to finance their activities in Syria, also it is allowed to transfer borrowing amounts and to settle installments of loans as well as commissions and profits not exceeding the amounts due abroad.
  • Resolution Nr.666 of 2010 related to reduction of the obligatory reserves on part of the assets oriented to financing small and medium projects , tourism , green and industrial projects and financing of persons of special needs .
  • Resolution Nr.799 of 2011 which states rules to be followed by the Islamic banks working in the Syrian Arab Republic, while concluding agreements of credit facilitations.
  • Resolution Nr.769 of 2011 which permits banks and exchange companies to transfer abroad what equals foreign currency banknotes of recipient by residents and non- residents , in compliance with provision of decree Nr.33 of 2005 related to anti laundering and terrorism .
  • Resolution Nr.767 of 2011 related to commitment of micro finance institutions and banks in Syria to have monetary  and obligatory reserve at the Central Bank of Syria, at rate not less than 5% of the total of assets under request and saving and term assets .
  • Resolution Nr.762 of 2011 which allows banks and money exchange companies to sell foreign currency (swift) for non- Syrian as per the foreign exchange currency bulletin issued by the Central Bank of Syria on the date of selling .
  • Resolution Nr.756 of 2011 , which included facilitations, to barter currencies ,to banks allowed to deal with foreign currency to fulfill need of those banks of liquidity of Syrian pound with the Central Bank of Syria and vice versa .
  • Resolution Nr.751 of 2011 related to raising credit concentrations for banks working in Syria .
  • Resolution Nr.744 of 2011 , which allows banks and licensed exchange institutions to sell Syrian citizens  ( and those who are treated as Syrian ) foreign currencies required to feed the account of international credit cards against settlement of counter value in Syrian currency according to specified limits and controls .
  • Resolution Nr 923 of 2012 which stipulates that the  Central Bank of Syria , takes a commission at /3/ per thousand of the amount transferred from accounts of the exchange companies opened at the Central Bank of Syria in Syrian pounds .
  • Resolution Nr.919 of 2012 regarding allocation of an a additional credit for the Cooperative Agricultural Bank ( In favor of the Ginning and Marketing Cotton Organization for the season 2012-2013 ).
  • Resolution Nr.903 of 2012 related to opening a current account for internal money transfer companies in Syrian pounds at the Central Bank of Syria .
  • Resolution Nr.898 of 2013 regarding suspension of article Nr.6 of the resolution 5938 of 2011 which stipulates that in case of formation of the reserve account in foreign banknote, a percentage of one per thousand is deducted from the amounts paid in this account .
  • Resolution Nr.888 of 2012 which allows licensed banks on borders points and airports , to change Syrian currency which are with non-Syrian passengers into foreign currencies , not exceeding 200.000 S.P
  • Resolution Nr.873 of 2012 which allows possession of all payment tools edited in foreign currencies and bank cards what so ever was their value , entrance and exit of Syrian pounds .
  • Resolution Nr.847 of 2012 , which stipulates adoption of the system of certificates of deposits of traditional and Islamic banks
  • Resolutions Nr.818of 2012 , related to amendment of article N.r1 of the resolution Nr795 of 2011 by the currency and Credit Council, regarding indication of debenture interest , which is paid by bank which work by deposits and debenture current accounts and accounts of investment certificates in Syrian pounds .
  • Resolution Nr.817 of 2012, regarding cancellation of articles 1-2-4 of the resolution Nr.791 of 2011, related to commitment of money exchange institutions to perform foreign exchange processes executed by them within the margins specified in bulletins issued by the Central Bank of Syria on the time and date of implementation of process .
  • Resolution Nr.816 of 2012 , which allows residents and non-residents to open accounts in foreign currency at any of the banks allowed to deal with foreign currencies and to feed them in all payment tools in foreign currencies .
  • Resolution Nr.812 of 2012 regarding investment of foreign currency surplus at banks .
  • Resolution Nr.938 of 2012 , which specifies the annual settled interest on credits and credit facilitations granted by public banks to public sector economic entities .