The Central Bank of Syria updates the "Damascus market for foreign currency and gold"

The governor of the Central Bank of Syria, Abdul Qadir al-Hasriya, announced the creation of the "Damascus Market for Foreign Currency and Gold" in a move he described as pivotal in the path of developing monetary policy and enhancing financial stability in the country.

In a post  on its official Facebook page, Thursday, April 23, 2026, Al-Hossiriya said that  the decision  to establish the platform comes in implementation of the bank's strategy, especially its second pillar related to the establishment of a balanced and transparent exchange market, and based on the Prime Minister's Decision No. 189 of 2025.

 The   Governor explained that the new market, which is being launched for the first time in Syria in accordance with international standards, will operate electronically with the aim of regulating trading operations and unifying the price reference, in a way that reduces distortions and reflects the forces of supply and demand accurately and in real time. The platform will also provide up-to-date and reliable data that enhances transparency and raises the level of confidence among customers, as part of a clear effort to reduce unregulated speculation and end the black market and parallel markets that have accompanied the country for decades.

The bank indicated that the market will be managed through an upgraded technology platform that adopts the best international practices, with the participation of parties committed to technical and supervisory standards, providing a modern and effective trading environment that enhances the efficiency of the foreign exchange and gold market and supports the goals of monetary stability in the short and medium term.

The Governor of the Central Bank of Syria stressed that this decision comes within a broader package of measures aimed at restructuring the exchange market and regulating the financial professions associated with it, stressing the commitment of the Central Bank of Syria to continue implementing its comprehensive strategy to achieve balance in the exchange market and support the path of economic recovery.