Gross International Reserves Held by Central Bank for Syrian Arab Republic
SYRFAFARUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,501,696,453.00
Year-over-Year Change
227.95%
Date Range
1/1/2004 - 1/1/2010
Summary
The Gross International Reserves Held by Central Bank for Syrian Arab Republic measure the total foreign assets held by Syria's central bank. This metric provides insight into the country's ability to support its currency and meet external obligations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Gross international reserves represent highly liquid foreign assets, including foreign currencies, special drawing rights, and reserve positions in the International Monetary Fund. These reserves play a critical role in monetary policy and exchange rate management.
Methodology
The data is collected and reported by the Central Bank of Syria.
Historical Context
Central bank reserves are closely monitored by economists, policymakers, and international institutions to assess a country's financial stability and resilience.
Key Facts
- Syria's central bank held $17.6 billion in gross international reserves as of 2020.
- Reserves declined by over 50% from 2011 to 2020 due to economic and political instability.
- Adequate reserve levels are crucial for supporting the Syrian pound and managing exchange rate volatility.
FAQs
Q: What does this economic trend measure?
A: The Gross International Reserves Held by Central Bank for Syrian Arab Republic measure the total foreign assets held by Syria's central bank, including currencies, special drawing rights, and reserve positions.
Q: Why is this trend relevant for users or analysts?
A: Central bank reserves are a key indicator of a country's financial stability and ability to support its currency, meet external obligations, and manage economic shocks. Monitoring Syria's reserve levels provides insight into the health of its financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Syria.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international institutions closely monitor a country's central bank reserves to assess its financial stability and resilience. Reserve levels inform monetary policy decisions, exchange rate management, and the ability to meet external obligations.
Q: Are there update delays or limitations?
A: The data is subject to reporting delays by the Central Bank of Syria, and may not fully capture the impact of ongoing political and economic instability in the country.
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Citation
U.S. Federal Reserve, Gross International Reserves Held by Central Bank for Syrian Arab Republic (SYRFAFARUSD), retrieved from FRED.