Syrian Arab Republic
Ministry of Economy and Trade
Decision /2132/
Minister of Economy and Trade, pursuant to the provisions of Decree /208/ dated 21/4/1952;
to Presidential Decision /11/ dated 4/2/1961;
to the deliberations of the Council of Money and Credit; and
to public good requirements,
decrees the following:
Article 1
The value of private/joint sector imports shall be financed via licensed banks as follows:
a. From the importer’s account opened in foreign currency at any licensed bank pursuant to Decision /690/ dated 22/5/2002 and its amendments.
b. From the importer’s account at any licensed bank which is fed by him from the revenues of his exports or the revenues of others’ exports given up for him in foreign currency the use of which is restricted exclusively for import.
c. From the loans granted to importers in foreign currency by licensed banks for import purposes exclusively pursuant to the Council of Money and Credit Decision /117/ dated 9/3/2005 deposited in their accounts opened pursuant to clause (b) above.
d. Pursuant to the Credit Facility System in force according to foreign trade regulations.
Article 2
Licensed banks shall be permitted to finance private/joint sector imports in foreign currency from their own resources in exchange for collecting the equivalent value in SYL according to the free foreign currency exchange rate statement and that is for the following chapters:
- Customs chapter 2 - Customs chapter 39
- Customs chapter 11 - Customs chapter 51
- Customs chapter 13 - Customs chapter 53
- Customs chapter 15 - Customs chapter 54
- Customs chapter 18 - Customs chapter 55
- Customs chapter 19 - Customs chapter 56
Article 3
Licensed banks shall be permitted to participate in the implementation of Article 2 of this Decision according to the percentages and conditions agreed between them.
Article 4
The Commercial bank of Syria shall continue to finance the import of raw materials pursuant to Decision 1431 dated 25/11/2002 with the exception of materials included in the chapters mentioned in Article 2 above.
Article 5
The Central Bank of Syria shall issue the executive instructions for this Decision.
Article 6
Decision 865 dated 12/4/2005 and its executive instructions 7091/304/4/7 dated 24/4/2005 shall be nullified.
Article 7
This Decision shall be published and communicated to the competent authorities for implementation and shall come into force as of date of issuance of the relevant executive instructions.
Damascus, 22/9/2005
Minister of Economy and Trade
Dr. Amer Husni Lutfi


Syrian Arab Republic
Ministry of Economy and Foreign Trade
Decision /1100/
Minister of Economy and Foreign Trade, pursuant to Decree /60/ of 1952 and its amendments;
to the Prime Minister’s endorsement via Memo /4722/ dated 14/7/2003;
to the recommendation of the Economic Committee in its session /30/ held 13/7/2003; and
to the public good requirements,
decrees the following:
1. The system of paying the value of imports from foreign currency resulting from export shall be abolished.
2. Exporters shall be permitted to use the foreign currency resulting from their exports in accordance with the following options:
a. Sell the aforementioned foreign currency to the Commercial Bank of Syria at the rate fixed by the latter according to the exchange bulletin (neighboring markets) for non-commercial operations.
b. Use the aforementioned foreign currency in as much as 100% to cover the value of their imports or give it up to others to use it to finance their imports via the Commercial Bank of Syria.
c. Adopt the mutual transaction concept which will enable exporters to cover their foreign currency commitments through imported goods according to a customs certificate.
3. The import of all items whose import was previously permitted and value paid from foreign currency resulting from export shall remain permitted provided that their value is paid via the Commercial bank of Syria from the importer’s account which is fed by all methods allowed by the foreign currency regulations in force.
4. All decisions and instructions issued prior to the date of this Decision which were regulating the methods of using foreign currency resulting from export shall be nullified.
5. This Decision shall be published and be effective as of date of its issuance.
Damascus, 15/7/2003
Minister of Economy and Foreign Trade
Dr. Ghassan Al-Rifa'i

 
Syrian Arab Republic
Ministry of Economy and Trade
Decision /2562/
Minister of Economy and Trade, pursuant to the provisions of Decree /208/ dated 21/4/1952 and its amendments;
to Presidential Decision /11/ dated 4/2/1961 and its amendments;
to the deliberations of the Council of Money and Credit; and
to public good requirements,
decrees the following:
Article 1
The following chapters shall be added to the items mentioned in Article 2 of Decision 2132 dated 22/9/2005 which are permitted to be financed by licensed banks in foreign currency from their own resources in exchange for collecting the equivalent value in SYL according to the free foreign currency exchange rate statement:
- Customs chapter 1 - Customs chapter 26
- Customs chapter 4 - Customs chapter 30
- Customs chapter 10 - Customs chapter31
- Customs chapter 12 - Customs chapter38
- Customs chapter 17 - Customs chapter 44
- Customs chapter 23 - Customs chapter 72
- Customs chapter 25
Article 2
The Foreign Currency Office’s management committee shall issue the necessary instructions to implement this Decision.
Article 3
This Decision shall be published and communicated to the competent authorities for implementation and shall come into force as of date of issuance of the relevant executive instructions.
Damascus, 5/12/2005
Minister of Economy and Trade
Dr. Amer Husni Lutfi

Syrian Arab Republic
Prime Ministry
Decision /6018/
Prime Minister, pursuant to the provisions of Decree /208/ dated 21/4/1952;
to Presidential Decision /11/ dated 4/2/1961;
to the deliberations of the Council of Money and Credit dated 14/11/2005;
and to public good requirements,
decrees the following:
Article 1
Licensed banks shall be permitted to finance the imports of merchants, industrialists ad the joint sector in foreign currency by virtue of L/Cs, collectable bills or delayed payment bills in exchange for collecting the equivalent value in SYL according to the free market exchange bulletin, and that is for raw materials whose import is permitted pursuant to the Credit Facility System.
Article 2
In case the material in question is not covered under the import license, importers who wish to import that material pursuant to the provisions of this Decision shall refer to the directorates of economy and trade in Damascus and governorates to obtain a written approval stating that the required material is a raw material.
Article 3
Import shall be made via collectable bills or delayed payment bills according to the controls stipulated in the executive instructions of this Decision.
Article 4
Decision 1431 dated 25/11/2002 and Article /4/ of Decision 2132 dated 22/9/2005 shall be nullified.
Article 5
The Foreign Currency Office’s management committee shall issue the necessary instructions to implement this Decision.
Article 6
This Decision shall be published and communicated to the competent authorities for implementation and shall come into force as of date of issuance of the relevant executive instructions.
Damascus, 16/11/2005
The Prime Minister
Eng. Mohammed Naji Atri