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Central Bank head: Syrian banks may replace euro

Arab World Materials 20 October 2011 17:25 (UTC +04:00)
Syria does not exclude the possibility of imposing additional sanctions on using the euro.
Central Bank head: Syrian banks may replace euro

Azerbaijan, Baku, Oct. 20 / Trend A. Tagiyeva /

Syria does not exclude the possibility of imposing additional sanctions on using the euro.

Syrian banks will be able to conduct operations in rubles, head of the Syrian Central Bank Adib Mayaleh said in an interview with RT Arabic on Thursday.

"Our banks will be able to use national currency and the Russian ruble while conducting transactions," he said. "As a confirmation, the ruble will be included in the daily bulletin of the exchange rate of foreign currencies in the nearest future, issued by the Syrian Central Bank. The Chinese yuan will be also included."

He said the Central Bank is ready to contact with Russia's largest banks and to open the accounts there.

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