The Governor of the Central Bank of Syria, Abdul Qadir Al-Husria, called on operating banking departments to instruct their branches to take all necessary measures to objectively and impartially manage available cash liquidity.
Mr. Al-Hossariya today confirmed that non-compliance with instructions will result in the imposition of appropriate sanctions and penalties established by regulation and law against violating branches, pointing out that increasing confidence in the banking sector is the only way to provide liquidity to the Syrian economy.
He said the request was made based on questions received by the bank regarding its failure to respond to the requests of many citizens to withdraw cash from their bank accounts opened with the bank.
necessary measures
Al-Husriya said: “In the interest of the smooth conduct of the Central Bank of Syria’s operations and the optimal provision of services to all operating banks, and considering that liquidity management is one of the tasks of the bank and the responsibility entrusted to it, we have requested the management of operating banks to instruct all branches to take all necessary measures to manage available cash liquidity objectively and fairly, in a manner that increases confidence in the banking sector.”
He pointed out the need to respond as much as possible to the requests of depositors related to the issue of cash withdrawals from their accounts, regardless of whether they were deposited after or before May 7, 2025, and stressed compliance with the directives of the Syrian Central Bank Administration to always give priority to the payment of salaries owed to “old and new” nationals.
The Governor of the Central Bank of Syria, Abdul Qadir Al-Hasriya, called on the management of operating banks to instruct their branches to take all necessary measures to manage available cash liquidity in an objective and fair manner.
Mr. Al-Hasliyya today noted that increasing confidence in the banking sector is the only way to provide liquidity to the Syrian economy, and confirmed that in case of non-compliance with the instructions, the violating branches will be subject to appropriate fines and fines as provided by regulations and laws.
He explained that the request was in response to inquiries received by the bank regarding the failure to respond to requests for cash withdrawals from bank accounts of several nationals opened with the bank.
necessary measures
“In order for the Central Bank of Syria to ensure the smooth operation of its operations, to serve all operating banks in the best possible way and to increase confidence in the banking sector, and considering that liquidity management is one of the responsibilities of the banks concerned, we have requested the management of operating banks to instruct all branches to take all necessary measures to manage available cash liquidity in an objective and fair manner,” Al-Hasriya said.
He stressed the need to meet the demands of as many depositors as possible regarding cash withdrawals from their accounts, regardless of whether they were deposited before or after May 7, 2025, as well as compliance with the Central Bank of Syria’s directive to always give priority to the payment of due salaries to citizens “both old and new”.
