FRIDAY, JANUARY 20, 2012
Syria to Start Managed Float of Currency Next Week, Central Bank Head Says
Friday, January 20, 2012
Syria to Start Managed Float of Currency Next Week, Central Bank Head Says
Syria will introduce a managed float of its currency next week, central bank Governor Adib Mayaleh said. The move will allow the pound to devalue after demand for foreign currency drove a surge in black-market rates.
“We will have a partial managed float, allow the rate to be determined by the