About: http://data.cimple.eu/news-article/7be5cda126f8ff51817e56c88a2176ef36213f480114ea667784ac3d     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • The Syrian government on Tuesday dismissed central bank governor Hazem Karfoul whose three-year tenure coincided with a severe economic crisis. "President Bashar al-Assad issues a decree terminating the appointment of Hazem Karfoul," the presidency said in a statement. It did not give a reason or appoint a replacement. Karfoul was named central bank governor in 2018, seven years into a conflict that has killed more than 388,000 people and displaced millions. He oversaw an accelerating economic crisis sparked by civil war and compounded by sanctions, the coronavirus pandemic and a financial crunch in neighbouring Lebanon. An analyst in Damascus, asking not to be named over security concerns, said Karfoul "did not live up to his role through implementing real interventions" that could salvage the local currency. Karfoul, he said, had been incapable of "quick and decisive decisions" at a time when the government was looking for "energetic new faces" to oversee a rescue phase. The Syrian pound has lost more than 98 percent of its value against the dollar over the past decade. Officially valued at 1,256 to the greenback, it sold for more than 3,000 on the black market on Tuesday, money exchangers told AFP. Last month, it sold for 4,000 to the greenback, hitting an all-time low. The government last month started enforcing a series of measures to stem a further drop in the pound's value, according to pro-government newspaper Al-Watan. They include new import bans and a state crackdown on unofficial money exchangers, it said. Karfoul held several posts at the central bank, including deputy chief, before he was named governor. The US treasury department sanctioned him in 2020 along with several other senior officials. In its announcement, the treasury cited reports that Karfoul in September 2019 met with some of Syria's wealthiest businessmen to press them to donate to state coffers. He allegedly "identified the properties and other assets of the businessmen during the meeting and had suggested... their fortunes could be seized if they did not give a significant contribution". mam/ho/hc
schema:headline
  • Syrian government sacks central bank governor
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software