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See Syria in the Yearbooh, vol. 2 (1995), pp. 128-129. 2 The Commercial Bank of Syria - "CBS" - which resulted from the merger of several nationalized banks has a monopoly on banking in commercial activities. Other state-owned banks operate in industry (the Industrial Bank is authorized to give loans to private industries) and crafts (tie Popular Credit Bank can give small loans to craftsmen or individuals).


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