The Central Bank of Syria (Arabic: مصرف سورية المركزي) is the central bank of Syria. The bank is located in Damascus with branches in major cities. The US, Canada, EU, Arab League and Turkey all imposed Sanctions on the central bank because of Syrian civil war. In the case of the US sanctions had already been in place against the Central Bank of Syria as a result of Section 311 of the Patriot Act, which accused the Bank of money laundering.
The Central Bank of Syria has actively been trying to undermine these various sanctions, with Bank officials meeting with friendly institutions such as Gazprombank executives in Moscow in March of 2012. The Central Bank of Syria has taken an increasingly clandestine role in the domestic private sector as the country's status as a pariah state and its failing economy have deterred foreign investment.
Read more about Central Bank Of Syria: Gold Reserves, Former Governors
Famous quotes containing the words central, bank and/or syria:
“My solitaria
Are the meditations of a central mind.
I hear the motions of the spirit and the sound
Of what is secret becomes, for me, a voice
That is my own voice speaking in my ear.”
—Wallace Stevens (1879–1955)
“on a May morwening upon Malverne hilles
Me befel a ferly, of fairye me thoughte;
I was wery ofwandred and wente me to reste
Under a brod bank by a bournes side;
And as I lay and lenede and lookede on the watres,
I slomerede into a sleeping, it swyede so merye.”
—William Langland (1330–1400)
“...that he may learn that there is a prophet in Israel.”
—Bible: Hebrew, 2 Kings 5:8.
Elijah to the king of Israel who has received a letter from the king of Syria looking for someone to cure his commander of leprosy.