With the takeover of control by the opposition in Syria, Bashar al-Assad left the country and efforts are being made to restore social order. Since December 8, many public institutions and banks have been looted in the power vacuum. While the Central Bank of Syria resumed operations yesterday, other banks also started providing services again today. SYRIANS RUSHING TO BANKS EXPERIENCED GREAT DISAPPOINTMENTAfter the reopening of the banks, Syrians, who had not been able to make any transactions for 10 days, rushed to the banks. However, due to the lack of money in the banks and ATMs, transactions could not be completed. Long queues formed in front of the ATMs in Yousef Al-Azmeh Square in Damascus. COMPLAINTS IN ATM QUEUESMohammed Al Hassan, who was waiting in line at the ATM, said, "I have been waiting in line since this morning. They say there is no money. Everyone is waiting to get their money." Fatma Al Ahmed expressed her difficulties by saying, "I came here to get my retirement salary. We cannot withdraw money from the ATMs because there is no money. We don't even have 5 lira left. We don't know what to do." SYRIA CENTRAL BANK'S FOREIGN CURRENCY RESERVES HAVE REACHED CRITICAL LEVELSAccording to IMF data, it is reported that the Central Bank of Syria had $14 billion in foreign currency reserves at the end of 2011. However, it is stated that these reserves have reached a critical depletion point recently. Syrian officials have indicated that the foreign currency reserves are rapidly diminishing and that a large portion of this has been used by the regime to finance food, fuel supplies, and Assad's war efforts. CLAIM THAT ASSAD FLED WITH 250 MILLION DOLLARSClaims have emerged that Syria's ousted leader Bashar al-Assad fled to Russia on December 8, taking a total of $250 million from the Central Bank of Syria during this process. This incident draws attention as a development that further complicates the country's financial situation.
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