Syria Central Bank Gold Miraculously Still In The Vault Reuters Claims

The central bank’s gold reserves are considered a significant asset, but they are not the only valuable asset in the country’s economy.

The Importance of Gold Reserves in the Syrian Economy

A Valuable Asset

The Syrian central bank’s gold reserves are a significant asset in the country’s economy. With a total value of over US $2.2 billion, these reserves are considered a valuable asset that can be used to stabilize the currency and support economic growth. The gold reserves are also seen as a hedge against inflation and currency fluctuations.

Key Features of the Gold Reserves

The gold reserves are valued at around $88,000 per ounce, which is a relatively high price compared to other countries. The reserves are held in a vault at the central bank’s headquarters in Damascus. The gold is valued at current market prices, which can fluctuate over time. ## The Role of Gold Reserves in Economic Stability*

The Role of Gold Reserves in Economic Stability

A Safety Net

The gold reserves serve as a safety net for the Syrian economy, providing a cushion against economic shocks and instability.

The Syrian Civil War has continued to rage on, with the conflict now centered around the city of Idlib.

The Ongoing Conflict in Syria

The Syrian Civil War has been ongoing for over a decade, with various factions vying for control of the country. Despite the fall of Damascus, the capital city, and the escape of former leader Bashar al-Assad to Moscow, the conflict has continued to rage on. The rise of Ahmed al-Sharaa, leader of Hayat Tahrir al-Sham, has further complicated the situation.

Key Players in the Conflict

The Syrian government, led by Bashar al-Assad, has maintained control over the country’s capital, Damascus. Hayat Tahrir al-Sham, led by Ahmed al-Sharaa, has gained significant influence in the north of the country. The United States, Turkey, and Russia have all been involved in the conflict, with varying degrees of support for different factions. ## The Rise of Hayat Tahrir al-Sham*

The Rise of Hayat Tahrir al-Sham

Hayat Tahrir al-Sham, also known as HTS, is a militant Islamist group that has gained significant influence in the north of Syria. The group was formed in 2017 and has since become one of the most powerful factions in the country.

Key Features of HTS

HTS has a strong military presence, with thousands of fighters under its control.

The Raid on the Central Bank of Syria

The Central Bank of Syria, located in the heart of Damascus, was the target of a daring raid by looters on December 10. The incident has raised questions about the security measures in place to protect the country’s financial institutions.

The Looters’ Strike

The looters, believed to be a group of armed men, targeted the central bank in the early hours of the morning. They made off with a significant amount of cash, but surprisingly, the main vault remained intact. The raid was carried out with apparent precision, with the looters avoiding the main vault and instead focusing on other areas of the bank. ### The Government’s Response*

The Government’s Response

The Syrian government’s media team and the Central Bank of Syria failed to respond to inquiries about the incident.

The Situation in Syria

The ongoing conflict in Syria has led to a complex and dynamic situation, with various factions vying for control and resources. The National Bank of Syria, a key institution in the country’s economy, has been a target of attacks by US-backed rebels. The rebels, who are fighting against the Syrian government, have been accused of stealing large quantities of currency, including dollars, euros, and gold.

The Role of the National Bank of Syria

The National Bank of Syria plays a crucial role in the country’s economy, serving as a central bank and a major financial institution. It is responsible for managing the country’s monetary policy, regulating the banking system, and providing financial services to the government and the private sector. The bank’s headquarters are located in Damascus, the capital city of Syria.

The Impact of the Conflict on the National Bank of Syria

The ongoing conflict in Syria has had a significant impact on the National Bank of Syria. The bank’s operations have been disrupted, and its staff have been targeted by rebels. The bank’s headquarters have been attacked, and its facilities have been damaged. The conflict has also led to a decline in the bank’s assets, as many of its customers have withdrawn their funds due to the uncertainty and instability in the country.

The Stealing of Currency and Gold

Reports suggest that the US-backed rebels have stolen large quantities of currency, including dollars, euros, and gold. The stolen funds are believed to be worth millions of dollars.

The country’s gold reserves are estimated to be worth around $1.5 billion.

The Struggle to Raise Revenue

Syria’s economy is facing significant challenges due to the ongoing conflict and international sanctions. The country’s central bank has been subject to Western sanctions, which have severely limited its ability to access international financial markets. Similarly, the export of oil, a major source of revenue for the Syrian government, has been restricted by Arab sanctions.

The Impact of Sanctions

The sanctions have led to a significant decline in Syria’s foreign exchange reserves, which have fallen by over 50% in the past year alone. The restrictions on oil exports have also had a devastating impact on the Syrian economy, with the country’s oil production having declined by over 70% since The sanctions have further exacerbated the humanitarian crisis in Syria, with many civilians struggling to access basic necessities like food and medicine. ## The Gold Reserve Sale*

The Gold Reserve Sale

In an effort to raise revenue and alleviate the economic pressure, Syria is considering selling its gold reserves.

The Benefits of the Gold Reserve Sale

The sale of the gold reserves could provide a much-needed influx of cash for the Syrian government, helping to alleviate the economic pressure caused by the sanctions. The sale could also help to stabilize the Syrian pound, which has been subject to significant fluctuations in recent months. Furthermore, the sale of the gold reserves could provide a much-needed boost to the Syrian economy, helping to stimulate growth and development.

Syria’s Gold Market: A Discounted Treasure Trove?

The Gold Market in Syria

The gold market in Syria has been a subject of interest for several years, with various reports and rumors circulating about the country’s gold reserves and trading activities. While the Syrian government has not publicly disclosed its gold reserves, there have been indications that the country has been actively involved in the gold market.

Key Facts About the Syrian Gold Market

The Syrian government has been offering gold at a discount, with prices ranging from 15% to 20% below the market price. The country is selling small volumes of gold, typically around 20-30 kilos.
They are the largest in the Middle East and the second-largest in the world, with a total value of over $100 billion.

The Unparalleled Wealth of the Syrian Central Bank

The Syrian central bank’s gold reserves are a staggering $100 billion, making them the largest in the Middle East and the second-largest in the world. This immense wealth is a result of the country’s strategic location and its history of being a major player in the global economy.

The History of the Syrian Central Bank’s Gold Reserves

The Syrian central bank’s gold reserves date back to the 1950s, when the country was a major player in the global economy. At that time, Syria was a significant producer of oil and a major trading partner for the Soviet Union. The central bank’s gold reserves were built up through a combination of imports and exports, as well as investments in the country’s natural resources.

The Reuters-Gold Scandal: A Web of Deceit and Conflict of Interest

The recent claim by Reuters that the Syrian central bank still holds 25.8 tonnes of gold has sparked widespread skepticism and outrage. The question on everyone’s mind is: what’s behind this dubious report? Is it a genuine attempt to uncover the truth, or is it a cleverly crafted propaganda piece designed to serve the interests of the US government?

The Reuters-Gold Scandal: A History of Deceit

Reuters, a leading global news agency, has a long history of questionable reporting. In 2012, the agency reported that the Syrian central bank held 25.8 tonnes of gold, a claim that has been repeatedly disputed by experts and officials.