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The Central Bank of Syria is the national central bank of Syria. The bank is an independent public sector establishment, which is operating under the guarantee of the state.
The bank is the only financial institution in the country, which is capable of managing monetary circulation. The bank in its endeavor to provide world-class services has following objectives to achieve:
The Central Bank of Syria aware of the necessity of regulating and monitoring the financial system in the country works towards ensuring the stability, integrity and efficiency of the financial system to promote best possible macroeconomic performance. In order to realize its objectives the bank performs following functions:
In 2009, US trucking company YRC Worldwide faced ruin as it struggled to restructure its debt. With tens of thousands of jobs at stake, the Teamsters union, led by James Hoffa, accused some YRC bondholders of sabotaging restructuring negotiations by purchasing credit default swaps (CDS) on their debt. Read more
Joseph E. Stiglitz,
Jeffrey D. Sachs,
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