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Entries in Mohammad Shalabi (1)

Monday
May272013

Syria Today: An Opposition in Disarray?

Opposition Spokesman Louay al-Safi (Akin Celiktas/Reuters)Iranian Lines of Credit to Damascus

The Syrian Central Bank has said that Iran has opened two lines of credit totaling $4 billion to Damascus and plans on opening up a third.

"Iran continues to support Syria, by opening one line of credit worth a billion dollars to finance the import of different items and another line of credit worth three billion dollars to finance the purchase of petrol and associated products," Central Bank Governor Adib Mayale said.

Mayale said Iran was considering an additional loan of $3 billion to bolster the Syrian economy amid war and international sanctions.

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