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Phosphates are the major minerals exploited in Syria. According to estimates Syria has around 1,700 million tons of phosphate reserves. Production dropped sharply in the early 1990s when world demand and prices fell, but output has since increased to more than 2.4 million tons. Syria produced about 1.9% of the world's phosphate rock output and was the world's ninth ranked producer of phosphate rock in 2009. Other major minerals produced in Syria include cement, gypsum, industrial sand (silica), marble, natural crude asphalt, nitrogen fertilizer, phosphate fertilizer, salt, steel, and volcanic tuff, which generally are not produced for export. | As of May 2009 it was reported that the Islamic Development Bank and the Syrian government signed an agreement stating that the bank would provide a €100 million loan for the expansion of Deir Ali power station in Syria. | 1 |
Phosphates are the major minerals exploited in Syria. According to estimates Syria has around 1,700 million tons of phosphate reserves. Production dropped sharply in the early 1990s when world demand and prices fell, but output has since increased to more than 2.4 million tons. Syria produced about 1.9% of the world's phosphate rock output and was the world's ninth ranked producer of phosphate rock in 2009. Other major minerals produced in Syria include cement, gypsum, industrial sand (silica), marble, natural crude asphalt, nitrogen fertilizer, phosphate fertilizer, salt, steel, and volcanic tuff, which generally are not produced for export. | Syria's economic history has been turbulent, and has deteriorated considerably since the beginning of the Syrian Civil War. The Arab Socialist Ba'ath Party came to power in 1963, and adopted socialist policies involving nationalizations and land reform. After General Hafez al-Assad took power in 1970, restrictions on private enterprise were relaxed, though a substantial part of the economy was still under government control. By the 1980s, Syria was politically and economically isolated, and in the midst of a deep economic crisis. Real per capita GDP fell 22% between 1982 and 1989. In 1990, the Assad government instituted a series of economic reforms, although the economy remained highly regulated. The Syrian economy experienced strong growth throughout the 1990s, and into the 2000s. Syria's per capita GDP was US$4,058 in 2010. There is no authoritative GDP data available after 2012, due to Syria's civil war. | 0 |
Phosphates are the major minerals exploited in Syria. According to estimates Syria has around 1,700 million tons of phosphate reserves. Production dropped sharply in the early 1990s when world demand and prices fell, but output has since increased to more than 2.4 million tons. Syria produced about 1.9% of the world's phosphate rock output and was the world's ninth ranked producer of phosphate rock in 2009. Other major minerals produced in Syria include cement, gypsum, industrial sand (silica), marble, natural crude asphalt, nitrogen fertilizer, phosphate fertilizer, salt, steel, and volcanic tuff, which generally are not produced for export. | In 2001 Syria reportedly produced 23.3 billion kilowatt hours (kWh) of electricity and consumed 21.6 billion kWh. As of January 2002, Syria's total installed electric generating capacity was 7.6 gigawatts (GW), with fuel oil and natural gas serving as the primary energy sources and 1.5 GW generated by hydroelectric power. A network totaling 45 GW linking the electric power grids of Syria, Egypt, and Jordan was completed in March 2001. Syria's electric supply capacity is an important national priority, and the government hopes to add 3,000 megawatts of power generating capacity by 2010 at a probable cost of US$2 billion, but progress has been slowed by a lack of investment capital. Power plants in Syria are undergoing intensive maintenance, and four new generating plants have been built. The power distribution network has serious problems, with transmission losses estimated as high as 25 percent of total generated capacity as a result of poor quality wires and transformer stations. A project for the expansion and upgrading of the power transmission network is scheduled for completion in 2005. | 1 |
Phosphates are the major minerals exploited in Syria. According to estimates Syria has around 1,700 million tons of phosphate reserves. Production dropped sharply in the early 1990s when world demand and prices fell, but output has since increased to more than 2.4 million tons. Syria produced about 1.9% of the world's phosphate rock output and was the world's ninth ranked producer of phosphate rock in 2009. Other major minerals produced in Syria include cement, gypsum, industrial sand (silica), marble, natural crude asphalt, nitrogen fertilizer, phosphate fertilizer, salt, steel, and volcanic tuff, which generally are not produced for export. | The industrial sector, which includes mining, manufacturing, construction, and petroleum, accounted for 27.3 percent of gross domestic product (GDP) in 2010 and employed about 16 percent of the labor force. The main industrial products are petroleum, textiles, food processing, beverages, tobacco, phosphate rock mining, cement, oil seeds crushing, and car assembly. Syria's manufacturing sector was largely state dominated until the 1990s, when economic reforms allowed greater local and foreign private-sector participation. Private participation remains constrained, however, by the lack of investment funds, input/output pricing limits, cumbersome customs and foreign exchange regulations, and poor marketing. | 0 |
Syria is a relatively small oil producer, accounting for just 0.5% of global production in 2010. Although Syria is not a major oil exporter by Middle Eastern standards, oil is a major pillar of the economy. According to the International Monetary Fund, oil sales for 2010 were projected to generate $3.2 billion for the Syrian government and account for 25.1% of the state's revenue. | As of May 2009 it was reported that the Islamic Development Bank and the Syrian government signed an agreement stating that the bank would provide a €100 million loan for the expansion of Deir Ali power station in Syria. | 1 |
Syria is a relatively small oil producer, accounting for just 0.5% of global production in 2010. Although Syria is not a major oil exporter by Middle Eastern standards, oil is a major pillar of the economy. According to the International Monetary Fund, oil sales for 2010 were projected to generate $3.2 billion for the Syrian government and account for 25.1% of the state's revenue. | Since the outbreak of the Syrian Civil War, the Syrian economy has been hit by massive economic sanctions restricting trade with the Arab League, Australia, Canada, the European Union, (as well as the European countries of Albania, Iceland, Liechtenstein, Moldova, Montenegro, North Macedonia, Norway, Serbia, and Switzerland) Georgia, Japan, South Korea, Taiwan, Turkey, and the United States. Sanctions against Syria were further extended by the US Caesar Syria Civilian Protection Act that came into force in June 2020. | 0 |
Syria is a relatively small oil producer, accounting for just 0.5% of global production in 2010. Although Syria is not a major oil exporter by Middle Eastern standards, oil is a major pillar of the economy. According to the International Monetary Fund, oil sales for 2010 were projected to generate $3.2 billion for the Syrian government and account for 25.1% of the state's revenue. | In 2001 Syria reportedly produced 23.3 billion kilowatt hours (kWh) of electricity and consumed 21.6 billion kWh. As of January 2002, Syria's total installed electric generating capacity was 7.6 gigawatts (GW), with fuel oil and natural gas serving as the primary energy sources and 1.5 GW generated by hydroelectric power. A network totaling 45 GW linking the electric power grids of Syria, Egypt, and Jordan was completed in March 2001. Syria's electric supply capacity is an important national priority, and the government hopes to add 3,000 megawatts of power generating capacity by 2010 at a probable cost of US$2 billion, but progress has been slowed by a lack of investment capital. Power plants in Syria are undergoing intensive maintenance, and four new generating plants have been built. The power distribution network has serious problems, with transmission losses estimated as high as 25 percent of total generated capacity as a result of poor quality wires and transformer stations. A project for the expansion and upgrading of the power transmission network is scheduled for completion in 2005. | 1 |
Syria is a relatively small oil producer, accounting for just 0.5% of global production in 2010. Although Syria is not a major oil exporter by Middle Eastern standards, oil is a major pillar of the economy. According to the International Monetary Fund, oil sales for 2010 were projected to generate $3.2 billion for the Syrian government and account for 25.1% of the state's revenue. | Under Syrian President Bashar al-Assad, national debt in relation to GDP went from 152.09% 2000 down to 30.02% in 2010. Syria has made progress in easing its heavy foreign debt burden through bilateral rescheduling deals with virtually all of its key creditors in Europe. In December 2004, Syria and Poland reached an agreement by which Syria would pay $27 million out of the total $261.7 million debt. In January 2005, Russia and Syria signed a deal that wrote off nearly 80% of Syria's debt to Russia, approximately €10.5 billion ($13 billion). The agreement left Syria with less than €3 billion (just over $3.6 billion) owed to Moscow. Half of it would be repaid over the next 10 years, while the rest would be paid into Russian accounts in Syrian banks and could be used for Russian investment projects in Syria and for buying Syrian products. This agreement was part of a weapons deal between Russia and Syria. And later that year Syria reached an agreement with Slovakia, and the Czech Republic to settle debt estimated at $1.6 billion. Again Syria was forgiven the bulk of its debt, in exchange for a one time payment of $150 million. | 0 |
In 2001 Syria reportedly produced 23.3 billion kilowatt hours (kWh) of electricity and consumed 21.6 billion kWh. As of January 2002, Syria's total installed electric generating capacity was 7.6 gigawatts (GW), with fuel oil and natural gas serving as the primary energy sources and 1.5 GW generated by hydroelectric power. A network totaling 45 GW linking the electric power grids of Syria, Egypt, and Jordan was completed in March 2001. Syria's electric supply capacity is an important national priority, and the government hopes to add 3,000 megawatts of power generating capacity by 2010 at a probable cost of US$2 billion, but progress has been slowed by a lack of investment capital. Power plants in Syria are undergoing intensive maintenance, and four new generating plants have been built. The power distribution network has serious problems, with transmission losses estimated as high as 25 percent of total generated capacity as a result of poor quality wires and transformer stations. A project for the expansion and upgrading of the power transmission network is scheduled for completion in 2005. | As of May 2009 it was reported that the Islamic Development Bank and the Syrian government signed an agreement stating that the bank would provide a €100 million loan for the expansion of Deir Ali power station in Syria. | 1 |
In 2001 Syria reportedly produced 23.3 billion kilowatt hours (kWh) of electricity and consumed 21.6 billion kWh. As of January 2002, Syria's total installed electric generating capacity was 7.6 gigawatts (GW), with fuel oil and natural gas serving as the primary energy sources and 1.5 GW generated by hydroelectric power. A network totaling 45 GW linking the electric power grids of Syria, Egypt, and Jordan was completed in March 2001. Syria's electric supply capacity is an important national priority, and the government hopes to add 3,000 megawatts of power generating capacity by 2010 at a probable cost of US$2 billion, but progress has been slowed by a lack of investment capital. Power plants in Syria are undergoing intensive maintenance, and four new generating plants have been built. The power distribution network has serious problems, with transmission losses estimated as high as 25 percent of total generated capacity as a result of poor quality wires and transformer stations. A project for the expansion and upgrading of the power transmission network is scheduled for completion in 2005. | Water and energy are among the most pervasive issues facing the agriculture sector. Another difficulty suffered by the agricultural sector is the government's decision to liberalize prices of fertilizers, which have increased between 100% and 400%. Drought was an alarming problem in 2008; however, the drought situation slightly improved in 2009. Wheat and barley production about doubled in 2009 compared to 2008. In spite of that, the livelihoods of up to 1 million agricultural workers have been threatened. In response, the UN launched an emergency appeal for $20.2 million. Wheat has been one of the crops most affected, and for the first time in 2 decades Syria has moved from being a net exporter of wheat to a net importer. During the civil war which began in 2011, the Syrian government was forced to put out a tender for 100,000 metric tonnes of wheat, one of the few trade products not subject to economic sanctions. | 0 |
In 2001 Syria reportedly produced 23.3 billion kilowatt hours (kWh) of electricity and consumed 21.6 billion kWh. As of January 2002, Syria's total installed electric generating capacity was 7.6 gigawatts (GW), with fuel oil and natural gas serving as the primary energy sources and 1.5 GW generated by hydroelectric power. A network totaling 45 GW linking the electric power grids of Syria, Egypt, and Jordan was completed in March 2001. Syria's electric supply capacity is an important national priority, and the government hopes to add 3,000 megawatts of power generating capacity by 2010 at a probable cost of US$2 billion, but progress has been slowed by a lack of investment capital. Power plants in Syria are undergoing intensive maintenance, and four new generating plants have been built. The power distribution network has serious problems, with transmission losses estimated as high as 25 percent of total generated capacity as a result of poor quality wires and transformer stations. A project for the expansion and upgrading of the power transmission network is scheduled for completion in 2005. | Syria abandoned its plans to build a VVER-440 reactor after the Chernobyl accident. The plans for a nuclear program were revived at the beginning of the 2000s when Syria negotiated with Russia to build a nuclear facility that would include a nuclear power plant and a seawater atomic desalination plant. | 1 |
In 2001 Syria reportedly produced 23.3 billion kilowatt hours (kWh) of electricity and consumed 21.6 billion kWh. As of January 2002, Syria's total installed electric generating capacity was 7.6 gigawatts (GW), with fuel oil and natural gas serving as the primary energy sources and 1.5 GW generated by hydroelectric power. A network totaling 45 GW linking the electric power grids of Syria, Egypt, and Jordan was completed in March 2001. Syria's electric supply capacity is an important national priority, and the government hopes to add 3,000 megawatts of power generating capacity by 2010 at a probable cost of US$2 billion, but progress has been slowed by a lack of investment capital. Power plants in Syria are undergoing intensive maintenance, and four new generating plants have been built. The power distribution network has serious problems, with transmission losses estimated as high as 25 percent of total generated capacity as a result of poor quality wires and transformer stations. A project for the expansion and upgrading of the power transmission network is scheduled for completion in 2005. | Syria has a population of approximately 21 million people, and Syrian government figures place the population growth rate at 2.37%, with 65% of the population under the age of 35 and more than 40% under the age of 15. Each year more than 200,000 new job seekers enter the Syrian job market, but the economy has not been able to absorb them. In 2017, the Syrian labor force was estimated to total about 3.767 million people. An estimated 67 percent worked in the services sector including government, 17 percent in agriculture, and 16 percent in industry in 2008. Government and public sector employees constitute about 30% of the total labor force and are paid very low salaries and wages. | 0 |
As of May 2009 it was reported that the Islamic Development Bank and the Syrian government signed an agreement stating that the bank would provide a €100 million loan for the expansion of Deir Ali power station in Syria. | In 2001 Syria reportedly produced 23.3 billion kilowatt hours (kWh) of electricity and consumed 21.6 billion kWh. As of January 2002, Syria's total installed electric generating capacity was 7.6 gigawatts (GW), with fuel oil and natural gas serving as the primary energy sources and 1.5 GW generated by hydroelectric power. A network totaling 45 GW linking the electric power grids of Syria, Egypt, and Jordan was completed in March 2001. Syria's electric supply capacity is an important national priority, and the government hopes to add 3,000 megawatts of power generating capacity by 2010 at a probable cost of US$2 billion, but progress has been slowed by a lack of investment capital. Power plants in Syria are undergoing intensive maintenance, and four new generating plants have been built. The power distribution network has serious problems, with transmission losses estimated as high as 25 percent of total generated capacity as a result of poor quality wires and transformer stations. A project for the expansion and upgrading of the power transmission network is scheduled for completion in 2005. | 1 |
As of May 2009 it was reported that the Islamic Development Bank and the Syrian government signed an agreement stating that the bank would provide a €100 million loan for the expansion of Deir Ali power station in Syria. | Over time, the government has increased the number of transactions to which the more favorable neighboring country exchange rate applies. The government also introduced a quasi-rate for non-commercial transactions in 2001 broadly in line with prevailing black market rates. | 0 |
As of May 2009 it was reported that the Islamic Development Bank and the Syrian government signed an agreement stating that the bank would provide a €100 million loan for the expansion of Deir Ali power station in Syria. | Syria abandoned its plans to build a VVER-440 reactor after the Chernobyl accident. The plans for a nuclear program were revived at the beginning of the 2000s when Syria negotiated with Russia to build a nuclear facility that would include a nuclear power plant and a seawater atomic desalination plant. | 1 |
As of May 2009 it was reported that the Islamic Development Bank and the Syrian government signed an agreement stating that the bank would provide a €100 million loan for the expansion of Deir Ali power station in Syria. | The bulk of Syrian imports have been raw materials essential for industry, agriculture, equipment, and machinery. Major exports include crude oil, refined products, raw cotton, clothing, fruits, and cereal grains. | 0 |
Syria abandoned its plans to build a VVER-440 reactor after the Chernobyl accident. The plans for a nuclear program were revived at the beginning of the 2000s when Syria negotiated with Russia to build a nuclear facility that would include a nuclear power plant and a seawater atomic desalination plant. | As of May 2009 it was reported that the Islamic Development Bank and the Syrian government signed an agreement stating that the bank would provide a €100 million loan for the expansion of Deir Ali power station in Syria. | 1 |
Syria abandoned its plans to build a VVER-440 reactor after the Chernobyl accident. The plans for a nuclear program were revived at the beginning of the 2000s when Syria negotiated with Russia to build a nuclear facility that would include a nuclear power plant and a seawater atomic desalination plant. | Given the poor development of its own capital markets and Syria's lack of access to international money and capital markets, monetary policy remains captive to the need to cover the fiscal deficit. Although in 2003 Syria lowered interest rates for the first time in 22 years and again in 2004, rates remain fixed by law. | 0 |
Syria abandoned its plans to build a VVER-440 reactor after the Chernobyl accident. The plans for a nuclear program were revived at the beginning of the 2000s when Syria negotiated with Russia to build a nuclear facility that would include a nuclear power plant and a seawater atomic desalination plant. | Phosphates are the major minerals exploited in Syria. According to estimates Syria has around 1,700 million tons of phosphate reserves. Production dropped sharply in the early 1990s when world demand and prices fell, but output has since increased to more than 2.4 million tons. Syria produced about 1.9% of the world's phosphate rock output and was the world's ninth ranked producer of phosphate rock in 2009. Other major minerals produced in Syria include cement, gypsum, industrial sand (silica), marble, natural crude asphalt, nitrogen fertilizer, phosphate fertilizer, salt, steel, and volcanic tuff, which generally are not produced for export. | 1 |
Syria abandoned its plans to build a VVER-440 reactor after the Chernobyl accident. The plans for a nuclear program were revived at the beginning of the 2000s when Syria negotiated with Russia to build a nuclear facility that would include a nuclear power plant and a seawater atomic desalination plant. | Because land prices are not controlled by the state, real estate is one of the few domestic avenues for investment with realistic and safe returns. Activity in the construction sector tends to mirror changes in the economy. Investment Law No. 10 of 1991, which opened the country to foreign investment in some areas, marked the beginning of a strong revival, with growth in real terms increasing over 2001 and 2002. | 0 |
Services accounted for 60.4% of gross domestic product (GDP) in 2017 and employed 67% of the labor force, including government, in 2008. As of May 2009, it was reported that Damascus office prices are skyrocketing. | Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | 1 |
Services accounted for 60.4% of gross domestic product (GDP) in 2017 and employed 67% of the labor force, including government, in 2008. As of May 2009, it was reported that Damascus office prices are skyrocketing. | Syria's economic history has been turbulent, and has deteriorated considerably since the beginning of the Syrian Civil War. The Arab Socialist Ba'ath Party came to power in 1963, and adopted socialist policies involving nationalizations and land reform. After General Hafez al-Assad took power in 1970, restrictions on private enterprise were relaxed, though a substantial part of the economy was still under government control. By the 1980s, Syria was politically and economically isolated, and in the midst of a deep economic crisis. Real per capita GDP fell 22% between 1982 and 1989. In 1990, the Assad government instituted a series of economic reforms, although the economy remained highly regulated. The Syrian economy experienced strong growth throughout the 1990s, and into the 2000s. Syria's per capita GDP was US$4,058 in 2010. There is no authoritative GDP data available after 2012, due to Syria's civil war. | 0 |
Services accounted for 60.4% of gross domestic product (GDP) in 2017 and employed 67% of the labor force, including government, in 2008. As of May 2009, it was reported that Damascus office prices are skyrocketing. | The Central Bank of Syria began operations in 1959. It controls all foreign exchange and trade transactions and gives priority to lending to the public sector. The Central Bank has been subject to US sanctions since May 2004, which has accused the Bank of money laundering. These US sanctions may have increased the role of Lebanese and European banks because a ban on transactions between U.S. financial institutions and the Central Bank of Syria created an increase in demand for intermediary sources for US$ transfers. The US, EU, Arab league and Turkey all also imposed sanctions on the Central Bank because of the Civil War. | 1 |
Services accounted for 60.4% of gross domestic product (GDP) in 2017 and employed 67% of the labor force, including government, in 2008. As of May 2009, it was reported that Damascus office prices are skyrocketing. | Economy of Syria:27476 | 0 |
Services accounted for 60.4% of gross domestic product (GDP) in 2017 and employed 67% of the labor force, including government, in 2008. As of May 2009, it was reported that Damascus office prices are skyrocketing. | In the 2000s, Syria started reforms in the financial sector, including the introduction of private banks and the opening of the Damascus Securities Exchange in March 2009. In 2001, Syria legalized private banks and the sector, while still nascent, has been growing. Foreign banks were given licenses in December 2002, under Law 28 March 2001 which allows the establishment of private and joint-venture banks. Foreigners are allowed up to 49% ownership of a bank, but may not hold a controlling stake. As of January 2010, 13 private banks had opened, including two Islamic banks. | 1 |
Services accounted for 60.4% of gross domestic product (GDP) in 2017 and employed 67% of the labor force, including government, in 2008. As of May 2009, it was reported that Damascus office prices are skyrocketing. | The industrial sector, which includes mining, manufacturing, construction, and petroleum, accounted for 27.3 percent of gross domestic product (GDP) in 2010 and employed about 16 percent of the labor force. The main industrial products are petroleum, textiles, food processing, beverages, tobacco, phosphate rock mining, cement, oil seeds crushing, and car assembly. Syria's manufacturing sector was largely state dominated until the 1990s, when economic reforms allowed greater local and foreign private-sector participation. Private participation remains constrained, however, by the lack of investment funds, input/output pricing limits, cumbersome customs and foreign exchange regulations, and poor marketing. | 0 |
Since the start of the Syrian Civil War in 2011, there has been a capital flight to nearby countries. Syria has been subject to sanctions by US, Canada, EU, Arab League and Turkey because of the civil war. The currency of Syria is the Syrian pound (SYP). The pound's official exchange rate has deteriorated significantly, falling from 47 SYP for US$1 before the civil war to 1256 as in June 2020. On another hand, while its exchange rate for money transfer is 1250 SYP for US$1, its non-official exchange rate (black market) plunged to around 4000 SYP for US$1 in March 2021. | Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | 1 |
Since the start of the Syrian Civil War in 2011, there has been a capital flight to nearby countries. Syria has been subject to sanctions by US, Canada, EU, Arab League and Turkey because of the civil war. The currency of Syria is the Syrian pound (SYP). The pound's official exchange rate has deteriorated significantly, falling from 47 SYP for US$1 before the civil war to 1256 as in June 2020. On another hand, while its exchange rate for money transfer is 1250 SYP for US$1, its non-official exchange rate (black market) plunged to around 4000 SYP for US$1 in March 2021. | Foreign aid to Syria in 1997 totaled an estimated US$199 million. The World Bank reported that in July 2004 that it had committed a total of US$661 million for 20 operations in Syria. One investment project remained active at that time. | 0 |
Since the start of the Syrian Civil War in 2011, there has been a capital flight to nearby countries. Syria has been subject to sanctions by US, Canada, EU, Arab League and Turkey because of the civil war. The currency of Syria is the Syrian pound (SYP). The pound's official exchange rate has deteriorated significantly, falling from 47 SYP for US$1 before the civil war to 1256 as in June 2020. On another hand, while its exchange rate for money transfer is 1250 SYP for US$1, its non-official exchange rate (black market) plunged to around 4000 SYP for US$1 in March 2021. | The six specialized state-owned banks — the Central Bank of Syria, Commercial Bank of Syria, Agricultural Co-Operative Bank, Industrial Bank, Popular Credit Bank, and Real Estate Bank — are major financial operators. They each extend funds to, and take deposits from, a particular sector. The Industrial Bank also is directed more toward the public sector, although it is under-capitalized. As a result, the private sector often is forced to bank abroad, a process that is more expensive and therefore a poor solution to industrial financing needs. Many business people travel abroad to deposit or borrow funds. It is estimated that Syrians have deposited US$6 billion in Lebanese banks. | 1 |
Since the start of the Syrian Civil War in 2011, there has been a capital flight to nearby countries. Syria has been subject to sanctions by US, Canada, EU, Arab League and Turkey because of the civil war. The currency of Syria is the Syrian pound (SYP). The pound's official exchange rate has deteriorated significantly, falling from 47 SYP for US$1 before the civil war to 1256 as in June 2020. On another hand, while its exchange rate for money transfer is 1250 SYP for US$1, its non-official exchange rate (black market) plunged to around 4000 SYP for US$1 in March 2021. | Syria is a relatively small oil producer, accounting for just 0.5% of global production in 2010. Although Syria is not a major oil exporter by Middle Eastern standards, oil is a major pillar of the economy. According to the International Monetary Fund, oil sales for 2010 were projected to generate $3.2 billion for the Syrian government and account for 25.1% of the state's revenue. | 0 |
Since the start of the Syrian Civil War in 2011, there has been a capital flight to nearby countries. Syria has been subject to sanctions by US, Canada, EU, Arab League and Turkey because of the civil war. The currency of Syria is the Syrian pound (SYP). The pound's official exchange rate has deteriorated significantly, falling from 47 SYP for US$1 before the civil war to 1256 as in June 2020. On another hand, while its exchange rate for money transfer is 1250 SYP for US$1, its non-official exchange rate (black market) plunged to around 4000 SYP for US$1 in March 2021. | Services accounted for 60.4% of gross domestic product (GDP) in 2017 and employed 67% of the labor force, including government, in 2008. As of May 2009, it was reported that Damascus office prices are skyrocketing. | 1 |
Since the start of the Syrian Civil War in 2011, there has been a capital flight to nearby countries. Syria has been subject to sanctions by US, Canada, EU, Arab League and Turkey because of the civil war. The currency of Syria is the Syrian pound (SYP). The pound's official exchange rate has deteriorated significantly, falling from 47 SYP for US$1 before the civil war to 1256 as in June 2020. On another hand, while its exchange rate for money transfer is 1250 SYP for US$1, its non-official exchange rate (black market) plunged to around 4000 SYP for US$1 in March 2021. | Before the civil war the two main pillars of the Syrian economy were agriculture and oil, which together accounted for about one-half of GDP. Agriculture, for instance, accounted for about 26% of GDP and employed 25% of the total labor force. However, poor climatic conditions and severe drought badly affected the agricultural sector, reducing its share in the economy to about 17% of 2008 GDP, down from 20.4% in 2007, according to preliminary data from the Central Bureau of Statistics. On the other hand, higher crude oil prices countered declining oil production and led to higher budgetary and export receipts. | 0 |
The Central Bank of Syria began operations in 1959. It controls all foreign exchange and trade transactions and gives priority to lending to the public sector. The Central Bank has been subject to US sanctions since May 2004, which has accused the Bank of money laundering. These US sanctions may have increased the role of Lebanese and European banks because a ban on transactions between U.S. financial institutions and the Central Bank of Syria created an increase in demand for intermediary sources for US$ transfers. The US, EU, Arab league and Turkey all also imposed sanctions on the Central Bank because of the Civil War. | Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | 1 |
The Central Bank of Syria began operations in 1959. It controls all foreign exchange and trade transactions and gives priority to lending to the public sector. The Central Bank has been subject to US sanctions since May 2004, which has accused the Bank of money laundering. These US sanctions may have increased the role of Lebanese and European banks because a ban on transactions between U.S. financial institutions and the Central Bank of Syria created an increase in demand for intermediary sources for US$ transfers. The US, EU, Arab league and Turkey all also imposed sanctions on the Central Bank because of the Civil War. | The Syrian Center for Policy Research stated in March 2015 that, by then, nearly three million Syrians had lost their jobs because of the civil war, causing the loss of the primary source of income of more than 12 million people; unemployment levels "surged" from 14.9 percent in 2011 to 57.7 percent at the end of 2014. As a result, 4 in 5 Syrians were by then living in poverty, with 30 percent of the population living in "abject poverty" and frequently unable to meet basic household food needs. An estimate from 2014 estimated the population below the poverty threshold in Syria to be 82.5%. | 0 |
The Central Bank of Syria began operations in 1959. It controls all foreign exchange and trade transactions and gives priority to lending to the public sector. The Central Bank has been subject to US sanctions since May 2004, which has accused the Bank of money laundering. These US sanctions may have increased the role of Lebanese and European banks because a ban on transactions between U.S. financial institutions and the Central Bank of Syria created an increase in demand for intermediary sources for US$ transfers. The US, EU, Arab league and Turkey all also imposed sanctions on the Central Bank because of the Civil War. | The six specialized state-owned banks — the Central Bank of Syria, Commercial Bank of Syria, Agricultural Co-Operative Bank, Industrial Bank, Popular Credit Bank, and Real Estate Bank — are major financial operators. They each extend funds to, and take deposits from, a particular sector. The Industrial Bank also is directed more toward the public sector, although it is under-capitalized. As a result, the private sector often is forced to bank abroad, a process that is more expensive and therefore a poor solution to industrial financing needs. Many business people travel abroad to deposit or borrow funds. It is estimated that Syrians have deposited US$6 billion in Lebanese banks. | 1 |
The Central Bank of Syria began operations in 1959. It controls all foreign exchange and trade transactions and gives priority to lending to the public sector. The Central Bank has been subject to US sanctions since May 2004, which has accused the Bank of money laundering. These US sanctions may have increased the role of Lebanese and European banks because a ban on transactions between U.S. financial institutions and the Central Bank of Syria created an increase in demand for intermediary sources for US$ transfers. The US, EU, Arab league and Turkey all also imposed sanctions on the Central Bank because of the Civil War. | The industrial sector, which includes mining, manufacturing, construction, and petroleum, accounted for 27.3 percent of gross domestic product (GDP) in 2010 and employed about 16 percent of the labor force. The main industrial products are petroleum, textiles, food processing, beverages, tobacco, phosphate rock mining, cement, oil seeds crushing, and car assembly. Syria's manufacturing sector was largely state dominated until the 1990s, when economic reforms allowed greater local and foreign private-sector participation. Private participation remains constrained, however, by the lack of investment funds, input/output pricing limits, cumbersome customs and foreign exchange regulations, and poor marketing. | 0 |
The Central Bank of Syria began operations in 1959. It controls all foreign exchange and trade transactions and gives priority to lending to the public sector. The Central Bank has been subject to US sanctions since May 2004, which has accused the Bank of money laundering. These US sanctions may have increased the role of Lebanese and European banks because a ban on transactions between U.S. financial institutions and the Central Bank of Syria created an increase in demand for intermediary sources for US$ transfers. The US, EU, Arab league and Turkey all also imposed sanctions on the Central Bank because of the Civil War. | Since the start of the Syrian Civil War in 2011, there has been a capital flight to nearby countries. Syria has been subject to sanctions by US, Canada, EU, Arab League and Turkey because of the civil war. The currency of Syria is the Syrian pound (SYP). The pound's official exchange rate has deteriorated significantly, falling from 47 SYP for US$1 before the civil war to 1256 as in June 2020. On another hand, while its exchange rate for money transfer is 1250 SYP for US$1, its non-official exchange rate (black market) plunged to around 4000 SYP for US$1 in March 2021. | 1 |
The Central Bank of Syria began operations in 1959. It controls all foreign exchange and trade transactions and gives priority to lending to the public sector. The Central Bank has been subject to US sanctions since May 2004, which has accused the Bank of money laundering. These US sanctions may have increased the role of Lebanese and European banks because a ban on transactions between U.S. financial institutions and the Central Bank of Syria created an increase in demand for intermediary sources for US$ transfers. The US, EU, Arab league and Turkey all also imposed sanctions on the Central Bank because of the Civil War. | Under Syrian President Bashar al-Assad, national debt in relation to GDP went from 152.09% 2000 down to 30.02% in 2010. Syria has made progress in easing its heavy foreign debt burden through bilateral rescheduling deals with virtually all of its key creditors in Europe. In December 2004, Syria and Poland reached an agreement by which Syria would pay $27 million out of the total $261.7 million debt. In January 2005, Russia and Syria signed a deal that wrote off nearly 80% of Syria's debt to Russia, approximately €10.5 billion ($13 billion). The agreement left Syria with less than €3 billion (just over $3.6 billion) owed to Moscow. Half of it would be repaid over the next 10 years, while the rest would be paid into Russian accounts in Syrian banks and could be used for Russian investment projects in Syria and for buying Syrian products. This agreement was part of a weapons deal between Russia and Syria. And later that year Syria reached an agreement with Slovakia, and the Czech Republic to settle debt estimated at $1.6 billion. Again Syria was forgiven the bulk of its debt, in exchange for a one time payment of $150 million. | 0 |
The six specialized state-owned banks — the Central Bank of Syria, Commercial Bank of Syria, Agricultural Co-Operative Bank, Industrial Bank, Popular Credit Bank, and Real Estate Bank — are major financial operators. They each extend funds to, and take deposits from, a particular sector. The Industrial Bank also is directed more toward the public sector, although it is under-capitalized. As a result, the private sector often is forced to bank abroad, a process that is more expensive and therefore a poor solution to industrial financing needs. Many business people travel abroad to deposit or borrow funds. It is estimated that Syrians have deposited US$6 billion in Lebanese banks. | Tourism in Syria has greatly reduced as a result of the Syrian Civil War, that began in 2011 and is ongoing, and its associated refugee crisis. Tourism has been further impacted by the outbreak of COVID-19 that started in March 2020. The international economic sanctions imposed on Syria and the sharp drop in the value of the Syrian pound also adversely impact tourism in Syria. | 1 |
The six specialized state-owned banks — the Central Bank of Syria, Commercial Bank of Syria, Agricultural Co-Operative Bank, Industrial Bank, Popular Credit Bank, and Real Estate Bank — are major financial operators. They each extend funds to, and take deposits from, a particular sector. The Industrial Bank also is directed more toward the public sector, although it is under-capitalized. As a result, the private sector often is forced to bank abroad, a process that is more expensive and therefore a poor solution to industrial financing needs. Many business people travel abroad to deposit or borrow funds. It is estimated that Syrians have deposited US$6 billion in Lebanese banks. | As of May 2009 it was reported that the Islamic Development Bank and the Syrian government signed an agreement stating that the bank would provide a €100 million loan for the expansion of Deir Ali power station in Syria. | 0 |
The six specialized state-owned banks — the Central Bank of Syria, Commercial Bank of Syria, Agricultural Co-Operative Bank, Industrial Bank, Popular Credit Bank, and Real Estate Bank — are major financial operators. They each extend funds to, and take deposits from, a particular sector. The Industrial Bank also is directed more toward the public sector, although it is under-capitalized. As a result, the private sector often is forced to bank abroad, a process that is more expensive and therefore a poor solution to industrial financing needs. Many business people travel abroad to deposit or borrow funds. It is estimated that Syrians have deposited US$6 billion in Lebanese banks. | To attract investment and to ease access to credit, the government allowed investors in 2007 to receive loans and other credit instruments from foreign banks, and to repay the loans and any accrued interest through local banks using project proceeds. In February 2008, the government permitted investors to receive loans in foreign currencies from local private banks to finance capital investments. Syria's exchange rate is fixed, and the government maintains two official rates—one rate on which the budget and the value of imports, customs, and other official transactions are based, and a second set by the Central Bank on a daily basis that covers all other financial transactions. The government passed a law in 2006 which permits the operation of private money exchange companies. However, there is still a small black market for foreign currency. | 1 |
The six specialized state-owned banks — the Central Bank of Syria, Commercial Bank of Syria, Agricultural Co-Operative Bank, Industrial Bank, Popular Credit Bank, and Real Estate Bank — are major financial operators. They each extend funds to, and take deposits from, a particular sector. The Industrial Bank also is directed more toward the public sector, although it is under-capitalized. As a result, the private sector often is forced to bank abroad, a process that is more expensive and therefore a poor solution to industrial financing needs. Many business people travel abroad to deposit or borrow funds. It is estimated that Syrians have deposited US$6 billion in Lebanese banks. | Syria has produced heavy-grade oil from fields inside in the northeast since the late 1960s. In the early 1980s, light-grade, low-sulphur oil was discovered near Deir ez-Zor in eastern Syria. This discovery relieved Syria of the need to import light oil to mix with domestic heavy crude in refineries. Recently, Syrian oil production has been about 379,000 barrels per day (bpd). Syria's oil reserves are being gradually depleted and reached 2.5 billion barrels in January 2009. Experts generally agree that Syria will become a net importer of petroleum by the end of the next decade. Recent developments have helped revitalize the energy sector, including new discoveries and the successful development of its hydrocarbon reserves. According to the 2009 Syria Report of the Oxford Business Group, the oil sector accounted for 23% of government revenues, 20% of exports, and 22% of GDP in 2008. Syria exported roughly 150,000 bpd in 2008, and oil accounted for a majority of the country's export income. | 0 |
The six specialized state-owned banks — the Central Bank of Syria, Commercial Bank of Syria, Agricultural Co-Operative Bank, Industrial Bank, Popular Credit Bank, and Real Estate Bank — are major financial operators. They each extend funds to, and take deposits from, a particular sector. The Industrial Bank also is directed more toward the public sector, although it is under-capitalized. As a result, the private sector often is forced to bank abroad, a process that is more expensive and therefore a poor solution to industrial financing needs. Many business people travel abroad to deposit or borrow funds. It is estimated that Syrians have deposited US$6 billion in Lebanese banks. | Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | 1 |
The six specialized state-owned banks — the Central Bank of Syria, Commercial Bank of Syria, Agricultural Co-Operative Bank, Industrial Bank, Popular Credit Bank, and Real Estate Bank — are major financial operators. They each extend funds to, and take deposits from, a particular sector. The Industrial Bank also is directed more toward the public sector, although it is under-capitalized. As a result, the private sector often is forced to bank abroad, a process that is more expensive and therefore a poor solution to industrial financing needs. Many business people travel abroad to deposit or borrow funds. It is estimated that Syrians have deposited US$6 billion in Lebanese banks. | Phosphates are the major minerals exploited in Syria. According to estimates Syria has around 1,700 million tons of phosphate reserves. Production dropped sharply in the early 1990s when world demand and prices fell, but output has since increased to more than 2.4 million tons. Syria produced about 1.9% of the world's phosphate rock output and was the world's ninth ranked producer of phosphate rock in 2009. Other major minerals produced in Syria include cement, gypsum, industrial sand (silica), marble, natural crude asphalt, nitrogen fertilizer, phosphate fertilizer, salt, steel, and volcanic tuff, which generally are not produced for export. | 0 |
In the 2000s, Syria started reforms in the financial sector, including the introduction of private banks and the opening of the Damascus Securities Exchange in March 2009. In 2001, Syria legalized private banks and the sector, while still nascent, has been growing. Foreign banks were given licenses in December 2002, under Law 28 March 2001 which allows the establishment of private and joint-venture banks. Foreigners are allowed up to 49% ownership of a bank, but may not hold a controlling stake. As of January 2010, 13 private banks had opened, including two Islamic banks. | The Central Bank of Syria began operations in 1959. It controls all foreign exchange and trade transactions and gives priority to lending to the public sector. The Central Bank has been subject to US sanctions since May 2004, which has accused the Bank of money laundering. These US sanctions may have increased the role of Lebanese and European banks because a ban on transactions between U.S. financial institutions and the Central Bank of Syria created an increase in demand for intermediary sources for US$ transfers. The US, EU, Arab league and Turkey all also imposed sanctions on the Central Bank because of the Civil War. | 1 |
In the 2000s, Syria started reforms in the financial sector, including the introduction of private banks and the opening of the Damascus Securities Exchange in March 2009. In 2001, Syria legalized private banks and the sector, while still nascent, has been growing. Foreign banks were given licenses in December 2002, under Law 28 March 2001 which allows the establishment of private and joint-venture banks. Foreigners are allowed up to 49% ownership of a bank, but may not hold a controlling stake. As of January 2010, 13 private banks had opened, including two Islamic banks. | The Syrian Center for Policy Research stated in March 2015 that, by then, nearly three million Syrians had lost their jobs because of the civil war, causing the loss of the primary source of income of more than 12 million people; unemployment levels "surged" from 14.9 percent in 2011 to 57.7 percent at the end of 2014. As a result, 4 in 5 Syrians were by then living in poverty, with 30 percent of the population living in "abject poverty" and frequently unable to meet basic household food needs. An estimate from 2014 estimated the population below the poverty threshold in Syria to be 82.5%. | 0 |
In the 2000s, Syria started reforms in the financial sector, including the introduction of private banks and the opening of the Damascus Securities Exchange in March 2009. In 2001, Syria legalized private banks and the sector, while still nascent, has been growing. Foreign banks were given licenses in December 2002, under Law 28 March 2001 which allows the establishment of private and joint-venture banks. Foreigners are allowed up to 49% ownership of a bank, but may not hold a controlling stake. As of January 2010, 13 private banks had opened, including two Islamic banks. | Tourism in Syria has greatly reduced as a result of the Syrian Civil War, that began in 2011 and is ongoing, and its associated refugee crisis. Tourism has been further impacted by the outbreak of COVID-19 that started in March 2020. The international economic sanctions imposed on Syria and the sharp drop in the value of the Syrian pound also adversely impact tourism in Syria. | 1 |
In the 2000s, Syria started reforms in the financial sector, including the introduction of private banks and the opening of the Damascus Securities Exchange in March 2009. In 2001, Syria legalized private banks and the sector, while still nascent, has been growing. Foreign banks were given licenses in December 2002, under Law 28 March 2001 which allows the establishment of private and joint-venture banks. Foreigners are allowed up to 49% ownership of a bank, but may not hold a controlling stake. As of January 2010, 13 private banks had opened, including two Islamic banks. | Ad hoc economic liberalization continues to add wealth inequality, impoverishing the average population while enriching a few people in Syria's private sector. In 1990, the government established an official parallel exchange rate to provide incentives for remittances and exports through official channels. This action improved the supply of basic commodities and contained inflation by removing risk premiums on smuggled commodities. | 0 |
In the 2000s, Syria started reforms in the financial sector, including the introduction of private banks and the opening of the Damascus Securities Exchange in March 2009. In 2001, Syria legalized private banks and the sector, while still nascent, has been growing. Foreign banks were given licenses in December 2002, under Law 28 March 2001 which allows the establishment of private and joint-venture banks. Foreigners are allowed up to 49% ownership of a bank, but may not hold a controlling stake. As of January 2010, 13 private banks had opened, including two Islamic banks. | Services accounted for 60.4% of gross domestic product (GDP) in 2017 and employed 67% of the labor force, including government, in 2008. As of May 2009, it was reported that Damascus office prices are skyrocketing. | 1 |
In the 2000s, Syria started reforms in the financial sector, including the introduction of private banks and the opening of the Damascus Securities Exchange in March 2009. In 2001, Syria legalized private banks and the sector, while still nascent, has been growing. Foreign banks were given licenses in December 2002, under Law 28 March 2001 which allows the establishment of private and joint-venture banks. Foreigners are allowed up to 49% ownership of a bank, but may not hold a controlling stake. As of January 2010, 13 private banks had opened, including two Islamic banks. | Syria abandoned its plans to build a VVER-440 reactor after the Chernobyl accident. The plans for a nuclear program were revived at the beginning of the 2000s when Syria negotiated with Russia to build a nuclear facility that would include a nuclear power plant and a seawater atomic desalination plant. | 0 |
Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | Since the start of the Syrian Civil War in 2011, there has been a capital flight to nearby countries. Syria has been subject to sanctions by US, Canada, EU, Arab League and Turkey because of the civil war. The currency of Syria is the Syrian pound (SYP). The pound's official exchange rate has deteriorated significantly, falling from 47 SYP for US$1 before the civil war to 1256 as in June 2020. On another hand, while its exchange rate for money transfer is 1250 SYP for US$1, its non-official exchange rate (black market) plunged to around 4000 SYP for US$1 in March 2021. | 1 |
Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | In 2015, Syria's main exports included spice seeds ($83.2 million), apples and pears ($53.2 million). | 0 |
Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | Tourism in Syria has greatly reduced as a result of the Syrian Civil War, that began in 2011 and is ongoing, and its associated refugee crisis. Tourism has been further impacted by the outbreak of COVID-19 that started in March 2020. The international economic sanctions imposed on Syria and the sharp drop in the value of the Syrian pound also adversely impact tourism in Syria. | 1 |
Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | The Syrian Center for Policy Research stated in March 2015 that, by then, nearly three million Syrians had lost their jobs because of the civil war, causing the loss of the primary source of income of more than 12 million people; unemployment levels "surged" from 14.9 percent in 2011 to 57.7 percent at the end of 2014. As a result, 4 in 5 Syrians were by then living in poverty, with 30 percent of the population living in "abject poverty" and frequently unable to meet basic household food needs. An estimate from 2014 estimated the population below the poverty threshold in Syria to be 82.5%. | 0 |
Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | The Central Bank of Syria began operations in 1959. It controls all foreign exchange and trade transactions and gives priority to lending to the public sector. The Central Bank has been subject to US sanctions since May 2004, which has accused the Bank of money laundering. These US sanctions may have increased the role of Lebanese and European banks because a ban on transactions between U.S. financial institutions and the Central Bank of Syria created an increase in demand for intermediary sources for US$ transfers. The US, EU, Arab league and Turkey all also imposed sanctions on the Central Bank because of the Civil War. | 1 |
Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | Syria has a population of approximately 21 million people, and Syrian government figures place the population growth rate at 2.37%, with 65% of the population under the age of 35 and more than 40% under the age of 15. Each year more than 200,000 new job seekers enter the Syrian job market, but the economy has not been able to absorb them. In 2017, the Syrian labor force was estimated to total about 3.767 million people. An estimated 67 percent worked in the services sector including government, 17 percent in agriculture, and 16 percent in industry in 2008. Government and public sector employees constitute about 30% of the total labor force and are paid very low salaries and wages. | 0 |
To attract investment and to ease access to credit, the government allowed investors in 2007 to receive loans and other credit instruments from foreign banks, and to repay the loans and any accrued interest through local banks using project proceeds. In February 2008, the government permitted investors to receive loans in foreign currencies from local private banks to finance capital investments. Syria's exchange rate is fixed, and the government maintains two official rates—one rate on which the budget and the value of imports, customs, and other official transactions are based, and a second set by the Central Bank on a daily basis that covers all other financial transactions. The government passed a law in 2006 which permits the operation of private money exchange companies. However, there is still a small black market for foreign currency. | Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | 1 |
To attract investment and to ease access to credit, the government allowed investors in 2007 to receive loans and other credit instruments from foreign banks, and to repay the loans and any accrued interest through local banks using project proceeds. In February 2008, the government permitted investors to receive loans in foreign currencies from local private banks to finance capital investments. Syria's exchange rate is fixed, and the government maintains two official rates—one rate on which the budget and the value of imports, customs, and other official transactions are based, and a second set by the Central Bank on a daily basis that covers all other financial transactions. The government passed a law in 2006 which permits the operation of private money exchange companies. However, there is still a small black market for foreign currency. | Less than 2.7% of Syria's land area is forested, and only a portion of that is commercially useful. Limited forestry activity is centered in the higher elevations of the mountains just inland from the coast, where rainfall is more abundant. | 0 |
To attract investment and to ease access to credit, the government allowed investors in 2007 to receive loans and other credit instruments from foreign banks, and to repay the loans and any accrued interest through local banks using project proceeds. In February 2008, the government permitted investors to receive loans in foreign currencies from local private banks to finance capital investments. Syria's exchange rate is fixed, and the government maintains two official rates—one rate on which the budget and the value of imports, customs, and other official transactions are based, and a second set by the Central Bank on a daily basis that covers all other financial transactions. The government passed a law in 2006 which permits the operation of private money exchange companies. However, there is still a small black market for foreign currency. | In the 2000s, Syria started reforms in the financial sector, including the introduction of private banks and the opening of the Damascus Securities Exchange in March 2009. In 2001, Syria legalized private banks and the sector, while still nascent, has been growing. Foreign banks were given licenses in December 2002, under Law 28 March 2001 which allows the establishment of private and joint-venture banks. Foreigners are allowed up to 49% ownership of a bank, but may not hold a controlling stake. As of January 2010, 13 private banks had opened, including two Islamic banks. | 1 |
To attract investment and to ease access to credit, the government allowed investors in 2007 to receive loans and other credit instruments from foreign banks, and to repay the loans and any accrued interest through local banks using project proceeds. In February 2008, the government permitted investors to receive loans in foreign currencies from local private banks to finance capital investments. Syria's exchange rate is fixed, and the government maintains two official rates—one rate on which the budget and the value of imports, customs, and other official transactions are based, and a second set by the Central Bank on a daily basis that covers all other financial transactions. The government passed a law in 2006 which permits the operation of private money exchange companies. However, there is still a small black market for foreign currency. | Despite the mitigation of the severe drought that plagued the region in the late 1990s and the recovery of energy export revenues, Syria's economy faces serious challenges. With almost 60% of its population under the age of 20, unemployment higher than the current 9% is a real possibility unless sustained and strong economic growth takes off. | 0 |
To attract investment and to ease access to credit, the government allowed investors in 2007 to receive loans and other credit instruments from foreign banks, and to repay the loans and any accrued interest through local banks using project proceeds. In February 2008, the government permitted investors to receive loans in foreign currencies from local private banks to finance capital investments. Syria's exchange rate is fixed, and the government maintains two official rates—one rate on which the budget and the value of imports, customs, and other official transactions are based, and a second set by the Central Bank on a daily basis that covers all other financial transactions. The government passed a law in 2006 which permits the operation of private money exchange companies. However, there is still a small black market for foreign currency. | Since the start of the Syrian Civil War in 2011, there has been a capital flight to nearby countries. Syria has been subject to sanctions by US, Canada, EU, Arab League and Turkey because of the civil war. The currency of Syria is the Syrian pound (SYP). The pound's official exchange rate has deteriorated significantly, falling from 47 SYP for US$1 before the civil war to 1256 as in June 2020. On another hand, while its exchange rate for money transfer is 1250 SYP for US$1, its non-official exchange rate (black market) plunged to around 4000 SYP for US$1 in March 2021. | 1 |
To attract investment and to ease access to credit, the government allowed investors in 2007 to receive loans and other credit instruments from foreign banks, and to repay the loans and any accrued interest through local banks using project proceeds. In February 2008, the government permitted investors to receive loans in foreign currencies from local private banks to finance capital investments. Syria's exchange rate is fixed, and the government maintains two official rates—one rate on which the budget and the value of imports, customs, and other official transactions are based, and a second set by the Central Bank on a daily basis that covers all other financial transactions. The government passed a law in 2006 which permits the operation of private money exchange companies. However, there is still a small black market for foreign currency. | Under Syrian President Bashar al-Assad, national debt in relation to GDP went from 152.09% 2000 down to 30.02% in 2010. Syria has made progress in easing its heavy foreign debt burden through bilateral rescheduling deals with virtually all of its key creditors in Europe. In December 2004, Syria and Poland reached an agreement by which Syria would pay $27 million out of the total $261.7 million debt. In January 2005, Russia and Syria signed a deal that wrote off nearly 80% of Syria's debt to Russia, approximately €10.5 billion ($13 billion). The agreement left Syria with less than €3 billion (just over $3.6 billion) owed to Moscow. Half of it would be repaid over the next 10 years, while the rest would be paid into Russian accounts in Syrian banks and could be used for Russian investment projects in Syria and for buying Syrian products. This agreement was part of a weapons deal between Russia and Syria. And later that year Syria reached an agreement with Slovakia, and the Czech Republic to settle debt estimated at $1.6 billion. Again Syria was forgiven the bulk of its debt, in exchange for a one time payment of $150 million. | 0 |
Tourism in Syria has greatly reduced as a result of the Syrian Civil War, that began in 2011 and is ongoing, and its associated refugee crisis. Tourism has been further impacted by the outbreak of COVID-19 that started in March 2020. The international economic sanctions imposed on Syria and the sharp drop in the value of the Syrian pound also adversely impact tourism in Syria. | Syria has taken gradual steps to loosen controls over foreign exchange. In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. In practice, the decision allows local banks to open accounts of a maximum of US$10,000 that their clients can use for their international payment cards. The holders of these accounts will be able to withdraw up to US$10,000 per month while travelling abroad. | 1 |
Tourism in Syria has greatly reduced as a result of the Syrian Civil War, that began in 2011 and is ongoing, and its associated refugee crisis. Tourism has been further impacted by the outbreak of COVID-19 that started in March 2020. The international economic sanctions imposed on Syria and the sharp drop in the value of the Syrian pound also adversely impact tourism in Syria. | Syria has a population of approximately 21 million people, and Syrian government figures place the population growth rate at 2.37%, with 65% of the population under the age of 35 and more than 40% under the age of 15. Each year more than 200,000 new job seekers enter the Syrian job market, but the economy has not been able to absorb them. In 2017, the Syrian labor force was estimated to total about 3.767 million people. An estimated 67 percent worked in the services sector including government, 17 percent in agriculture, and 16 percent in industry in 2008. Government and public sector employees constitute about 30% of the total labor force and are paid very low salaries and wages. | 0 |
Tourism in Syria has greatly reduced as a result of the Syrian Civil War, that began in 2011 and is ongoing, and its associated refugee crisis. Tourism has been further impacted by the outbreak of COVID-19 that started in March 2020. The international economic sanctions imposed on Syria and the sharp drop in the value of the Syrian pound also adversely impact tourism in Syria. | The Central Bank of Syria began operations in 1959. It controls all foreign exchange and trade transactions and gives priority to lending to the public sector. The Central Bank has been subject to US sanctions since May 2004, which has accused the Bank of money laundering. These US sanctions may have increased the role of Lebanese and European banks because a ban on transactions between U.S. financial institutions and the Central Bank of Syria created an increase in demand for intermediary sources for US$ transfers. The US, EU, Arab league and Turkey all also imposed sanctions on the Central Bank because of the Civil War. | 1 |
Tourism in Syria has greatly reduced as a result of the Syrian Civil War, that began in 2011 and is ongoing, and its associated refugee crisis. Tourism has been further impacted by the outbreak of COVID-19 that started in March 2020. The international economic sanctions imposed on Syria and the sharp drop in the value of the Syrian pound also adversely impact tourism in Syria. | Ad hoc economic liberalization continues to add wealth inequality, impoverishing the average population while enriching a few people in Syria's private sector. In 1990, the government established an official parallel exchange rate to provide incentives for remittances and exports through official channels. This action improved the supply of basic commodities and contained inflation by removing risk premiums on smuggled commodities. | 0 |
Tourism in Syria has greatly reduced as a result of the Syrian Civil War, that began in 2011 and is ongoing, and its associated refugee crisis. Tourism has been further impacted by the outbreak of COVID-19 that started in March 2020. The international economic sanctions imposed on Syria and the sharp drop in the value of the Syrian pound also adversely impact tourism in Syria. | The six specialized state-owned banks — the Central Bank of Syria, Commercial Bank of Syria, Agricultural Co-Operative Bank, Industrial Bank, Popular Credit Bank, and Real Estate Bank — are major financial operators. They each extend funds to, and take deposits from, a particular sector. The Industrial Bank also is directed more toward the public sector, although it is under-capitalized. As a result, the private sector often is forced to bank abroad, a process that is more expensive and therefore a poor solution to industrial financing needs. Many business people travel abroad to deposit or borrow funds. It is estimated that Syrians have deposited US$6 billion in Lebanese banks. | 1 |
Tourism in Syria has greatly reduced as a result of the Syrian Civil War, that began in 2011 and is ongoing, and its associated refugee crisis. Tourism has been further impacted by the outbreak of COVID-19 that started in March 2020. The international economic sanctions imposed on Syria and the sharp drop in the value of the Syrian pound also adversely impact tourism in Syria. | Syria has a population of approximately 21 million people, and Syrian government figures place the population growth rate at 2.37%, with 65% of the population under the age of 35 and more than 40% under the age of 15. Each year more than 200,000 new job seekers enter the Syrian job market, but the economy has not been able to absorb them. In 2017, the Syrian labor force was estimated to total about 3.767 million people. An estimated 67 percent worked in the services sector including government, 17 percent in agriculture, and 16 percent in industry in 2008. Government and public sector employees constitute about 30% of the total labor force and are paid very low salaries and wages. | 0 |
Reagan was born and raised in Los Angeles, California, the son of Ronald Reagan and his second wife, Nancy Davis Reagan. The family lived in Sacramento while his father was governor, from 1967 His sister, Patti Davis, is five and a half years older. His elder brother Michael Reagan, adopted as an infant by Ronald Reagan and his first wife, Jane Wyman, is 13 years older. He also had two half-sisters born to Reagan and Wyman, Maureen Reagan (1941–2001) and Christine Reagan, who was born prematurely, on June 26, 1947, and died the same day. At an early age, his father, Ronald Reagan, often joked that they were related to every royal family with the name O'Regan in Europe. "Burke's Peerage" provided the Reagans with their family tree, which lacked any direct connection to European royalty. | They school administration thought I was a bad influence on the other kids. As I recall, the immediate reason was I went to a dance at a neighboring girl's school in a classmate's car. This was an infraction. They had been looking for an excuse. I didn't get caught at anything. | 1 |
Reagan was born and raised in Los Angeles, California, the son of Ronald Reagan and his second wife, Nancy Davis Reagan. The family lived in Sacramento while his father was governor, from 1967 His sister, Patti Davis, is five and a half years older. His elder brother Michael Reagan, adopted as an infant by Ronald Reagan and his first wife, Jane Wyman, is 13 years older. He also had two half-sisters born to Reagan and Wyman, Maureen Reagan (1941–2001) and Christine Reagan, who was born prematurely, on June 26, 1947, and died the same day. At an early age, his father, Ronald Reagan, often joked that they were related to every royal family with the name O'Regan in Europe. "Burke's Peerage" provided the Reagans with their family tree, which lacked any direct connection to European royalty. | Reagan became more politically active after his father left the White House in 1989. In contrast to his father, the younger Reagan's views were unabashedly liberal. In a 2009 "Vanity Fair" interview, Ron said that he did not speak out politically during his father's term because the press "never cared about my opinions "as such," only as they related to "him"", adding that he did not want to create the impression that he and his father were on bad terms because of political differences. In 1991, Reagan hosted "The Ron Reagan Show", a syndicated late-night talk show addressing political issues of the day, which was canceled after a brief run since it was unable to compete with the higher ratings of "The Arsenio Hall Show", "The Tonight Show Starring Johnny Carson", and "Nightline". | 0 |
Reagan was born and raised in Los Angeles, California, the son of Ronald Reagan and his second wife, Nancy Davis Reagan. The family lived in Sacramento while his father was governor, from 1967 His sister, Patti Davis, is five and a half years older. His elder brother Michael Reagan, adopted as an infant by Ronald Reagan and his first wife, Jane Wyman, is 13 years older. He also had two half-sisters born to Reagan and Wyman, Maureen Reagan (1941–2001) and Christine Reagan, who was born prematurely, on June 26, 1947, and died the same day. At an early age, his father, Ronald Reagan, often joked that they were related to every royal family with the name O'Regan in Europe. "Burke's Peerage" provided the Reagans with their family tree, which lacked any direct connection to European royalty. | Reagan attended and was expelled from The Webb School of California. He commented: | 1 |
Reagan was born and raised in Los Angeles, California, the son of Ronald Reagan and his second wife, Nancy Davis Reagan. The family lived in Sacramento while his father was governor, from 1967 His sister, Patti Davis, is five and a half years older. His elder brother Michael Reagan, adopted as an infant by Ronald Reagan and his first wife, Jane Wyman, is 13 years older. He also had two half-sisters born to Reagan and Wyman, Maureen Reagan (1941–2001) and Christine Reagan, who was born prematurely, on June 26, 1947, and died the same day. At an early age, his father, Ronald Reagan, often joked that they were related to every royal family with the name O'Regan in Europe. "Burke's Peerage" provided the Reagans with their family tree, which lacked any direct connection to European royalty. | Reagan stated, in a 2004 "New York Times" interview, that he did not claim any religion, but that his sympathies were with Buddhism and his wife was a Buddhist. In a June 23, 2004, interview on CNN show "Larry King Live", while discussing reasons why he would not run for political office, Ron Reagan stated "I'm an atheist. ... I can't be elected to anything because polls all say that people won't elect an atheist." | 0 |
Ron Reagan undertook a different philosophical and political path from his father at an early age. At 12, he told his parents that he would not be going to church anymore because he was an atheist. | Reagan was born and raised in Los Angeles, California, the son of Ronald Reagan and his second wife, Nancy Davis Reagan. The family lived in Sacramento while his father was governor, from 1967 His sister, Patti Davis, is five and a half years older. His elder brother Michael Reagan, adopted as an infant by Ronald Reagan and his first wife, Jane Wyman, is 13 years older. He also had two half-sisters born to Reagan and Wyman, Maureen Reagan (1941–2001) and Christine Reagan, who was born prematurely, on June 26, 1947, and died the same day. At an early age, his father, Ronald Reagan, often joked that they were related to every royal family with the name O'Regan in Europe. "Burke's Peerage" provided the Reagans with their family tree, which lacked any direct connection to European royalty. | 1 |
Ron Reagan undertook a different philosophical and political path from his father at an early age. At 12, he told his parents that he would not be going to church anymore because he was an atheist. | Reagan lives in Seattle. He married Doria Palmieri, a clinical psychologist, in 1980. She died in 2014 from neuromuscular disease. They had no children. He married Federica Basagni in July 2018. | 0 |
Ron Reagan undertook a different philosophical and political path from his father at an early age. At 12, he told his parents that he would not be going to church anymore because he was an atheist. | They school administration thought I was a bad influence on the other kids. As I recall, the immediate reason was I went to a dance at a neighboring girl's school in a classmate's car. This was an infraction. They had been looking for an excuse. I didn't get caught at anything. | 1 |
Ron Reagan undertook a different philosophical and political path from his father at an early age. At 12, he told his parents that he would not be going to church anymore because he was an atheist. | Reagan stated, in a 2004 "New York Times" interview, that he did not claim any religion, but that his sympathies were with Buddhism and his wife was a Buddhist. In a June 23, 2004, interview on CNN show "Larry King Live", while discussing reasons why he would not run for political office, Ron Reagan stated "I'm an atheist. ... I can't be elected to anything because polls all say that people won't elect an atheist." | 0 |
Reagan attended and was expelled from The Webb School of California. He commented: | Reagan dropped out of Yale University in 1976 after one semester to become a ballet dancer. He joined the Joffrey Ballet in pursuit of his lifelong dream and participated in the Joffrey II Dancers, a troupe for beginning dancers, where he was mentored by Sally Brayley. "Time" wrote in 1980: "It is widely known that Ron's parents have not managed to see a single ballet performance of their son, who is clearly very good, having been selected to the Joffrey second company, and is their son nonetheless. Ron talks of his parents with much affection. But these absences are strange and go back a ways." Reagan and Nancy went to see Ron perform at the Lisner Auditorium on Monday, May 18, 1981. The elder Reagan commented in his White House diary on this day that Ron's performance was reminiscent of Fred Astaire. | 1 |
Reagan attended and was expelled from The Webb School of California. He commented: | In September 2004, he told the "Sunday Herald" newspaper that the George W. Bush Administration had "cheated to get into the White House. It's not something Americans ever want to think about their government. My sense of these people is that they don't have any respect for the public at large. They have a revolutionary mindset. I think they feel that anything they can do to prevail — lie, cheat, whatever — is justified by their revolutionary aims" and that he feared Bush was "hijacking" his father's reputation. | 0 |
Reagan attended and was expelled from The Webb School of California. He commented: | Ron Reagan undertook a different philosophical and political path from his father at an early age. At 12, he told his parents that he would not be going to church anymore because he was an atheist. | 1 |
Reagan attended and was expelled from The Webb School of California. He commented: | Reagan became more politically active after his father left the White House in 1989. In contrast to his father, the younger Reagan's views were unabashedly liberal. In a 2009 "Vanity Fair" interview, Ron said that he did not speak out politically during his father's term because the press "never cared about my opinions "as such," only as they related to "him"", adding that he did not want to create the impression that he and his father were on bad terms because of political differences. In 1991, Reagan hosted "The Ron Reagan Show", a syndicated late-night talk show addressing political issues of the day, which was canceled after a brief run since it was unable to compete with the higher ratings of "The Arsenio Hall Show", "The Tonight Show Starring Johnny Carson", and "Nightline". | 0 |
They school administration thought I was a bad influence on the other kids. As I recall, the immediate reason was I went to a dance at a neighboring girl's school in a classmate's car. This was an infraction. They had been looking for an excuse. I didn't get caught at anything. | Reagan was born and raised in Los Angeles, California, the son of Ronald Reagan and his second wife, Nancy Davis Reagan. The family lived in Sacramento while his father was governor, from 1967 His sister, Patti Davis, is five and a half years older. His elder brother Michael Reagan, adopted as an infant by Ronald Reagan and his first wife, Jane Wyman, is 13 years older. He also had two half-sisters born to Reagan and Wyman, Maureen Reagan (1941–2001) and Christine Reagan, who was born prematurely, on June 26, 1947, and died the same day. At an early age, his father, Ronald Reagan, often joked that they were related to every royal family with the name O'Regan in Europe. "Burke's Peerage" provided the Reagans with their family tree, which lacked any direct connection to European royalty. | 1 |
They school administration thought I was a bad influence on the other kids. As I recall, the immediate reason was I went to a dance at a neighboring girl's school in a classmate's car. This was an infraction. They had been looking for an excuse. I didn't get caught at anything. | Reagan stated, in a 2004 "New York Times" interview, that he did not claim any religion, but that his sympathies were with Buddhism and his wife was a Buddhist. In a June 23, 2004, interview on CNN show "Larry King Live", while discussing reasons why he would not run for political office, Ron Reagan stated "I'm an atheist. ... I can't be elected to anything because polls all say that people won't elect an atheist." | 0 |
They school administration thought I was a bad influence on the other kids. As I recall, the immediate reason was I went to a dance at a neighboring girl's school in a classmate's car. This was an infraction. They had been looking for an excuse. I didn't get caught at anything. | Ron Reagan undertook a different philosophical and political path from his father at an early age. At 12, he told his parents that he would not be going to church anymore because he was an atheist. | 1 |
They school administration thought I was a bad influence on the other kids. As I recall, the immediate reason was I went to a dance at a neighboring girl's school in a classmate's car. This was an infraction. They had been looking for an excuse. I didn't get caught at anything. | Reagan lives in Seattle. He married Doria Palmieri, a clinical psychologist, in 1980. She died in 2014 from neuromuscular disease. They had no children. He married Federica Basagni in July 2018. | 0 |
Reagan dropped out of Yale University in 1976 after one semester to become a ballet dancer. He joined the Joffrey Ballet in pursuit of his lifelong dream and participated in the Joffrey II Dancers, a troupe for beginning dancers, where he was mentored by Sally Brayley. "Time" wrote in 1980: "It is widely known that Ron's parents have not managed to see a single ballet performance of their son, who is clearly very good, having been selected to the Joffrey second company, and is their son nonetheless. Ron talks of his parents with much affection. But these absences are strange and go back a ways." Reagan and Nancy went to see Ron perform at the Lisner Auditorium on Monday, May 18, 1981. The elder Reagan commented in his White House diary on this day that Ron's performance was reminiscent of Fred Astaire. | Reagan attended and was expelled from The Webb School of California. He commented: | 1 |
Reagan dropped out of Yale University in 1976 after one semester to become a ballet dancer. He joined the Joffrey Ballet in pursuit of his lifelong dream and participated in the Joffrey II Dancers, a troupe for beginning dancers, where he was mentored by Sally Brayley. "Time" wrote in 1980: "It is widely known that Ron's parents have not managed to see a single ballet performance of their son, who is clearly very good, having been selected to the Joffrey second company, and is their son nonetheless. Ron talks of his parents with much affection. But these absences are strange and go back a ways." Reagan and Nancy went to see Ron perform at the Lisner Auditorium on Monday, May 18, 1981. The elder Reagan commented in his White House diary on this day that Ron's performance was reminiscent of Fred Astaire. | Reagan lives in Seattle. He married Doria Palmieri, a clinical psychologist, in 1980. She died in 2014 from neuromuscular disease. They had no children. He married Federica Basagni in July 2018. | 0 |
Reagan dropped out of Yale University in 1976 after one semester to become a ballet dancer. He joined the Joffrey Ballet in pursuit of his lifelong dream and participated in the Joffrey II Dancers, a troupe for beginning dancers, where he was mentored by Sally Brayley. "Time" wrote in 1980: "It is widely known that Ron's parents have not managed to see a single ballet performance of their son, who is clearly very good, having been selected to the Joffrey second company, and is their son nonetheless. Ron talks of his parents with much affection. But these absences are strange and go back a ways." Reagan and Nancy went to see Ron perform at the Lisner Auditorium on Monday, May 18, 1981. The elder Reagan commented in his White House diary on this day that Ron's performance was reminiscent of Fred Astaire. | Ron Reagan undertook a different philosophical and political path from his father at an early age. At 12, he told his parents that he would not be going to church anymore because he was an atheist. | 1 |
Reagan dropped out of Yale University in 1976 after one semester to become a ballet dancer. He joined the Joffrey Ballet in pursuit of his lifelong dream and participated in the Joffrey II Dancers, a troupe for beginning dancers, where he was mentored by Sally Brayley. "Time" wrote in 1980: "It is widely known that Ron's parents have not managed to see a single ballet performance of their son, who is clearly very good, having been selected to the Joffrey second company, and is their son nonetheless. Ron talks of his parents with much affection. But these absences are strange and go back a ways." Reagan and Nancy went to see Ron perform at the Lisner Auditorium on Monday, May 18, 1981. The elder Reagan commented in his White House diary on this day that Ron's performance was reminiscent of Fred Astaire. | In September 2004, he told the "Sunday Herald" newspaper that the George W. Bush Administration had "cheated to get into the White House. It's not something Americans ever want to think about their government. My sense of these people is that they don't have any respect for the public at large. They have a revolutionary mindset. I think they feel that anything they can do to prevail — lie, cheat, whatever — is justified by their revolutionary aims" and that he feared Bush was "hijacking" his father's reputation. | 0 |
In February 1986, Reagan hosted an episode of "Saturday Night Live". | In 2011, he published "My Father at 100: A Memoir". In interviews promoting the book, Reagan described noticing his father was having certain mental lapses which, in hindsight, caused the younger Reagan to speculate subsequently that his father may have already been in the early stages of Alzheimer's disease while still in office. This assertion was attacked by critics, including his brother, Michael Reagan. Ron Reagan subsequently clarified that he did not feel the lapses were evidence of "dementia." | 1 |
In February 1986, Reagan hosted an episode of "Saturday Night Live". | In May 2014, Reagan appeared in an advertisement for broadcast on Comedy Central for the Freedom From Religion Foundation in which he declared himself "an unabashed atheist," and one who is not afraid of "burning" in Hell. The ad received renewed attention in October 2019 when it aired on CNN during the fourth 2020 Democratic Presidential Debate. The ad was also run during the CNN Democratic debates in January and March 2020. | 0 |
In February 1986, Reagan hosted an episode of "Saturday Night Live". | Reagan, who was 22 and married by the time his father took office, never lived in the White House. He dropped his Secret Service protection one year and a half into his father's presidency. | 1 |
In February 1986, Reagan hosted an episode of "Saturday Night Live". | They school administration thought I was a bad influence on the other kids. As I recall, the immediate reason was I went to a dance at a neighboring girl's school in a classmate's car. This was an infraction. They had been looking for an excuse. I didn't get caught at anything. | 0 |
In February 1986, Reagan hosted an episode of "Saturday Night Live". | Until its demise in 2010, Air America Media aired "The Ron Reagan Show." The program made its debut on September 8, 2008. | 1 |
In February 1986, Reagan hosted an episode of "Saturday Night Live". | In September 2004, he told the "Sunday Herald" newspaper that the George W. Bush Administration had "cheated to get into the White House. It's not something Americans ever want to think about their government. My sense of these people is that they don't have any respect for the public at large. They have a revolutionary mindset. I think they feel that anything they can do to prevail — lie, cheat, whatever — is justified by their revolutionary aims" and that he feared Bush was "hijacking" his father's reputation. | 0 |
Reagan became more politically active after his father left the White House in 1989. In contrast to his father, the younger Reagan's views were unabashedly liberal. In a 2009 "Vanity Fair" interview, Ron said that he did not speak out politically during his father's term because the press "never cared about my opinions "as such," only as they related to "him"", adding that he did not want to create the impression that he and his father were on bad terms because of political differences. In 1991, Reagan hosted "The Ron Reagan Show", a syndicated late-night talk show addressing political issues of the day, which was canceled after a brief run since it was unable to compete with the higher ratings of "The Arsenio Hall Show", "The Tonight Show Starring Johnny Carson", and "Nightline". | Until its demise in 2010, Air America Media aired "The Ron Reagan Show." The program made its debut on September 8, 2008. | 1 |
Reagan became more politically active after his father left the White House in 1989. In contrast to his father, the younger Reagan's views were unabashedly liberal. In a 2009 "Vanity Fair" interview, Ron said that he did not speak out politically during his father's term because the press "never cared about my opinions "as such," only as they related to "him"", adding that he did not want to create the impression that he and his father were on bad terms because of political differences. In 1991, Reagan hosted "The Ron Reagan Show", a syndicated late-night talk show addressing political issues of the day, which was canceled after a brief run since it was unable to compete with the higher ratings of "The Arsenio Hall Show", "The Tonight Show Starring Johnny Carson", and "Nightline". | Reagan stated, in a 2004 "New York Times" interview, that he did not claim any religion, but that his sympathies were with Buddhism and his wife was a Buddhist. In a June 23, 2004, interview on CNN show "Larry King Live", while discussing reasons why he would not run for political office, Ron Reagan stated "I'm an atheist. ... I can't be elected to anything because polls all say that people won't elect an atheist." | 0 |
Reagan became more politically active after his father left the White House in 1989. In contrast to his father, the younger Reagan's views were unabashedly liberal. In a 2009 "Vanity Fair" interview, Ron said that he did not speak out politically during his father's term because the press "never cared about my opinions "as such," only as they related to "him"", adding that he did not want to create the impression that he and his father were on bad terms because of political differences. In 1991, Reagan hosted "The Ron Reagan Show", a syndicated late-night talk show addressing political issues of the day, which was canceled after a brief run since it was unable to compete with the higher ratings of "The Arsenio Hall Show", "The Tonight Show Starring Johnny Carson", and "Nightline". | In February 1986, Reagan hosted an episode of "Saturday Night Live". | 1 |
Reagan became more politically active after his father left the White House in 1989. In contrast to his father, the younger Reagan's views were unabashedly liberal. In a 2009 "Vanity Fair" interview, Ron said that he did not speak out politically during his father's term because the press "never cared about my opinions "as such," only as they related to "him"", adding that he did not want to create the impression that he and his father were on bad terms because of political differences. In 1991, Reagan hosted "The Ron Reagan Show", a syndicated late-night talk show addressing political issues of the day, which was canceled after a brief run since it was unable to compete with the higher ratings of "The Arsenio Hall Show", "The Tonight Show Starring Johnny Carson", and "Nightline". | In early 2020, Reagan stated that his father would've opposed Donald Trump, remarking to "The Daily Beast" that his "father would have been ashamed of this Republican Party" as well as "been embarrassed and ashamed that a president of the United States was as incompetent and traitorous as the man occupying the White House now." | 0 |
Reagan became more politically active after his father left the White House in 1989. In contrast to his father, the younger Reagan's views were unabashedly liberal. In a 2009 "Vanity Fair" interview, Ron said that he did not speak out politically during his father's term because the press "never cared about my opinions "as such," only as they related to "him"", adding that he did not want to create the impression that he and his father were on bad terms because of political differences. In 1991, Reagan hosted "The Ron Reagan Show", a syndicated late-night talk show addressing political issues of the day, which was canceled after a brief run since it was unable to compete with the higher ratings of "The Arsenio Hall Show", "The Tonight Show Starring Johnny Carson", and "Nightline". | He has served on the board of the Creative Coalition, an organization founded in 1989 by a group that included Susan Sarandon and Christopher Reeve, to politically mobilize entertainers and artists, generally for First Amendment rights, and causes such as arts advocacy and public education. From February to December 2005, Reagan co-hosted the talk show " with Monica Crowley" on MSNBC. | 1 |
Reagan became more politically active after his father left the White House in 1989. In contrast to his father, the younger Reagan's views were unabashedly liberal. In a 2009 "Vanity Fair" interview, Ron said that he did not speak out politically during his father's term because the press "never cared about my opinions "as such," only as they related to "him"", adding that he did not want to create the impression that he and his father were on bad terms because of political differences. In 1991, Reagan hosted "The Ron Reagan Show", a syndicated late-night talk show addressing political issues of the day, which was canceled after a brief run since it was unable to compete with the higher ratings of "The Arsenio Hall Show", "The Tonight Show Starring Johnny Carson", and "Nightline". | In July 2004, Reagan spoke at the Democratic National Convention about his support for lifting Bush's restrictions on federally funded embryonic stem cell research, from which he expected a cure or new treatments for Alzheimer's disease, of which his father had recently died. "There are those who would stand in the way of this remarkable future, who would deny the federal funding so crucial to basic research. A few of these folks, needless to say, are just grinding a political axe and they should be ashamed of themselves," Ron Reagan said of the restrictions. "We can choose between the future and the past, between reason and ignorance, between true compassion and mere ideology." Reagan's mother Nancy also supported this position. | 0 |
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