The Strategic Vision of the Central Bank of Syria

Vision:

The strategic vision of Central Bank of Syria is based on maintaining the monetary and financial stability, on the macro economic level, which contributes to achievement of macro economic policy goals. The achieving the monetary stability depends on establishing an active and effective monetary policy that seeks to maintain a low and stable inflation rate, this Final declared goal of the monetary policy insures the stability of national currency value and provides the supporting environment for investment and enhancing growth. On the other hand achieving financial stability depends on developing the financial and banking sector as well as insuring its soundness, solidity and sustainability, enabling it to undertake its role in financing the national economic sector’s projects. In this context, Central Bank of Syria pays its efforts towards enhancing its independence, to achieve the monetary policy goals.

Mission:

•        Achieving and maintaining stable national prices, i.e. maintaining a low and stable inflation rate.

•        Making efforts to achieve a real and effective exchange rate, around its equilibrium levels, which insures maintaining a stable inflation rate as well as enhancing the competitiveness of the macro economy.

•         Maintaining the monetary and financial stability, through supporting and developing the performance of banking and financial institutions, as well as insuring its stability and competitiveness.

•        Maintaining the effectiveness of the national payment system, and insuring its security and development.

•        Central Bank of Syria supports macro-economic policies, without zny conflict the main goal of the monetary policy.

Values:

•        Credibility: Central Bank of Syria seeks to enhance its credibility, through its commitment to achieve the declared aims of the monetary policy, within the frame of macro economic policy.

•        Transparency: Central Bank of Syria strives to compile the necessary and accurate information and data, related to  its activities as well as the activities of the banking and financial sector and the rest of national economy sectors.

•        Loyalty: Through conducting the monetary policy, Central Bank of Syria commits to maintain the of priority of public utility, and seeks to achieve monetary and financial stability to enhance national economic growth, and undertakes the responsibility of its decisions.

•        Distinctiveness: Central Bank of Syria is conducting the monetary policy in a high effective and qualified manner, as well as leading the financial sector and monitoring its quality, soundness and sustainability in the national economy as a whole.