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Syrian Central Bank Targets Unlicensed Forex and Transfer Services

Syrian Central Bank Targets Unlicensed Forex and Transfer Services

The Central Bank of Syria has announced the end of the warning phase directed at individuals practicing currency exchange and remittance activities without a license, and the start of legal actions against violators beginning Sunday, October 18, 2026. Law enforcement authorities, in coordination with the Ministry of Interior, will monitor violations across all governorates and refer those involved to the judiciary, with no additional grace period for rectification. This decision follows the issuance of 755 warnings during inspection campaigns, and the bank urges citizens to deal only with licensed companies to protect their funds.

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