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
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