CBS meaning in Banking ?

Answer:

What is Central Bank of Syria mean?

The Central Bank of Syria (CBS) (Arabic: مصرف سورية المركزي‎, Masrif Suriat Almarkazi) is the central bank of Syria. The bank was established in 1953 and started operations in 1956. Its headquarters are in Damascus, with 11 branches in the provincial capitals. The objective of the bank is "to foster the stability, integrity and efficiency of the nation’s financial and payment systems so as to promote optimal macro economic performance".

The CBS issues Syria's currency, the Syrian pound, and sets the intervention price in the foreign currency market for the Syrian pound on a daily basis.

The CBS exercises control over all banks operating in Syria.

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