Now that rebels have carried Syria’s civil war from remote villages to the capital and the commercial hub, a banking system that survived 16 months of unrest will face its biggest test.
In most of the country, banks have been managing to stay open, thanks to strenuous efforts by their managers and the needs of desperate customers who continue to deposit money because they can find no safer place.
But the spread of major fighting to Damascus last month, and then to Aleppo, Syria’s biggest city and top commercial centre, marks a new, more destructive period for the economy, putting banks under fresh pressure.
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